Substrate Artificial Inteligence S.A.

Interim / Quarterly Report • Oct 31, 2024

National Storage Mechanism | Additional information

RNS Number : 4422K

Substrate Artificial Inteligence,SA

31 October 2024

31 October 2024

SUBSTRATE ARTIFICIAL INTELIGENCE SOCIEDAD ANONIMA

("Substrate AI" or the "Company")

Interim Results

Substrate AI (AQUIS: SAI/SAI.B) announces its unaudited interim results for the six months ended 30 June 2024, which include:

I. Limited Review Report corresponding to the Consolidated Interim Financial Statements for the six-month period ending on June 30, 2024.

II. Consolidated Interim Financial Statements for the six-month period ending on June 30, 2024.

III. Individual Interim Financial Statements for the six-month period ending on June 30, 2024.

IV. Progress status for the year 2024.

A copy of the interim financial results can be found on the company's website https://substrate.ai/en/informacion-financiera/

The Directors of the Company accept responsibility for the contents of the announcement.

For further information, please contact:

Substrate AI
Lorenzo Serratosa Chairman	info@substrate.ai
First Sentinel Corporate Finance
Brian Stockbridge	+44 (0) 7858 888 007

SUBSTRATE ARTIFICIAL INTELIGENCE, S.A. AND SUBSIDIARIES

Condensed consolidated interim comprehensive balance sheet corresponding to the Six-month period ended June 30, 2024 (Expressed in euros)

ASSETS	Notes	30.06.2024	31.12.2023 (restated)
Non-current assets		38,365,886	35,542,054
Intangible assets and goodwill		33,966,561	31,795,511
Goodwill	4 y 5	20,501,079	20,813,502
Other intangible assets	5	13,465,482	10,982,009
Tangible fixed assets	6	384,263	235,379
Freehold land and buildings		2,658	3,888
Plant, machinery and other equipment		331,605	231,491
Property, plant and Equipment in progress		50,000	-
Right-of-use assets		546,656	551,384
Investment in an associated and a joint venture		251,657	151,000
Share in equity	7.1	250,996	151,000
Other financial assets		661	-
Non-current financial assets	7.1	1,226,760	840,073
Share in equity		31,488	120
Debt instruments		555,284	221,289
Other financial assets		639,988	618,664
Deferred tax assets	10	1,989,991	1,968,707
Current assets		9,663,081	9,716,646
Inventories		2,190,586	783,787
Inventories	12.2	1,848,599	781,287
Advance to suppliers		341,987	2,500
Trade receivables and contract assets		3,561,100	4,357,235
Receivables from third-party customers	7.1	2,872,321	4,270,196
Other debtors	7.1	4,234	7,188
Personnel	7.1	2,424	4,400
Income tax assets	10	85	1,594
Other current tax assets	10	682,035	73,857
Current Financial assets	7.1	1,600,947	27,415
Debt instrumnets		1,553,581	12,111
Other financial assets		47,366	15,304
Prepayments		75,371	32,959
Cash and other equivalent assets		2,235,076	4,515,250
Cash and other equivalent assets		2,204,682	4,515,250
Other equivalent liquid assets		30,394	-
TOTAL ASSETS		48,028,967	45,258,700

SUBSTRATE ARTIFICIAL INTELIGENCE, S.A. AND SUBSIDIARIES

Condensed consolidated interim comprehensive balance sheet corresponding to the Six-month period ended June 30, 2024 (Expressed in euros)

SUBSTRATE ARTIFICIAL INTELIGENCE, S.A.  AND SUBSIDIARIES

Condensed consolidated interim income statement corresponding to the Six-month period ended June 30, 2024 (Expressed in euros)

SUBSTRATE ARTIFICIAL INTELIGENCE, S.A.  AND SUBSIDIARIES

Consolidated condensed interim cash flow statement for the six-month period ended 30 June 2024 (expressed in euros):

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