Unigrowth Investments Public LTD

Annual Report • Apr 25, 2025

CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND OTHER TOTAL INCOME

31 December 2024

	2024 €	2023 €
Income	145.413	115.834
Net profit from sales of financial assets	117.428	156.305
Net profit of fair value in financial assets at fair value through
profit and loss	46.313	113.678
Special defence contribution interest	(23.650)	(13.622)
Portfolio commissions and remuneration	(36.973)	(18.950)
Gross profit	248.531	353.245
Profit from implementation of IFRS16	75.775	17.145
Administrative expenses	(90.152)	(97.037)
Net profit on impairment of assets and contractual assets	11.973	20.497
Other expenses	(24)	(127.753)
Profit from operations	246.103	166.097
Finance income	1.969	123
Finance expenses	(33.817)	(19.780)
Profit before taxation	214.255	146.440
Taxation	(1.626)	(1.715)
Net profit for the year	212.629	144.725
Other total income	-	-
Total income for the year	212.629	144.725
Earnings per share attributed to holding company
shareholders (cents)	1.58	1.07

CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31 December 2024

	2024	2023
	€	€
ASSETS
NON CURRENT ASSETS
Property, plant and equipment	30.094	33.921
Assets with right of use	50.618	75.576
Property investment	2.104.310	2.045.100
Intangible assets	419	2.998
	2.185.441	2.157.595
CURRENT ASSETS
Balances receivable from brokers	-	1.033
Trade and other receivables	7.324	4.444
Financial assets at fair value through profit and loss	734.676	1.285.115
Cash and cash equivalents	281.475	4.341
	1.023.475	1.294.933
TOTAL ASSETS	3.208.916	3.452.528
EQUITY AND LIABILITIES
EQUITY
Share capital	2.289.534	2.289.534
Share premium account reserve	110.893	110.893
Capital reserve	9.677	9.677
Accumulated profits / (losses)	24.377	(188.292)
Total equity	2.434.441	2.221.811
NON-CURRENT LIABILITIES
Borrowing	185.962	223.730
Lease liabilities	37.344	71.845
Deferred tax liabilities	31.861	43.834
	255.167	339.409
CURRENT LIABILITIES Trade and other creditors	427.688	803.276
Deferred income	-	391
Borrowing	53.106	50.569
Lease liabilities	11.138	15.230
Current tax liabilities	27.376	21.841
	519.308	891.307
Total liabilities	774.475	1.230.716
TOTAL EQUITY AND LIABILITIES	3.208.916	3.452.528

CONSOLIDATED STATEMENT OF CHANGES IN NET POSITION 31 December 2024

	Share capital	Share premium account reserve	Capital reserve	Accumulated profits/ (losses)	Total
	€	€	€	€	€
Balance as at 1 January
2023	2.289.534	110.893	9.677	(330.017)	2.077.087
Net profit for the year	-	-	-	144.725	144.725
Balance as at 31
December 2023 / 1 January 2024	2.289.534	110.893	9.677	(188.292)	2.221.812
Net profit for the year	-	-	-	212.629	212.629
Balance as at 31 December 2024	2.289.534	110.893	9.677	24.337	2.434.441

CONSOLIDATED STATEMENT OF CASH FLOWS 31 December 2024

	2024 €	2023 €
Cash flow from operations Profit before taxation	214.255	146.440
Adjustments for:
Depreciation of property, plant and equipment	1.500	16.253
Depreciation of assets with right of use	14.982	-
Unrealised exchange profit	-	(3.307)
Depreciation of computer programmes	2.578	2.578
(Profits)/losses of fair values in investment property	(59.210)	120.000
Profits of fair values in financial assets at fair value through profit
and loss	(46.313)	(113.678)
Profit from reversal of deferred tax	(11.973)	(20.497)
Debit interest	33.545	19.127
Dividends receivable	(73.138)	(39.385)
IFRS16 adjustment Gain on sale of financial assets	(15.765) (117.248)	7.486 -
	(56.787)	135.017
Changes in working capital:
(Increase)/decrease in trade and other receivables	(2.880)	6.066
Decrease/(increase) in balances with brokers	1.033	(1.033)
Decrease/(increase) in financial assets at fair value through profit and loss	596.752	(278.165)
(Decrease)/increase in trade and other creditors	(387.561)	391.399
(Decrease)/increase in deferred income	(390)	391
Cash from operations	150.167	253.675
Cash flow from investing activities
Payments for purchase of financial assets at fair value through
profit and loss	(3.498.663)	(1.631.257)
Proceeds from sale of financial assets	3.616.012	1.743.772
Dividends received	73.138	-
	190.487	112.515
Net cash from investing activities	190.487	112.515
Cash flow from financing activities
Loan and interest repayments	(51.520)	(50.569)
Repayments of lease liabilities	(12.000)	(15.749)
Other inflows	-	8.138
Net cash for financing activities	(63.520)	(58.180)
Net increase in cash and cash equivalents	277.134	308.010
Cash and cash equivalents at beginning of year	4.341	(303.669)
Cash and cash equivalents at end of year	281.475	4.341