GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Earnings Release • Mar 7, 2025

Report Content Current Report No. 3/2025Date: 7 March 2025Topic: Partial release of VAT provisionsLegal basis: Article 17(1) MAR - Inside informationContent:Further to Current Report No. 5/2020 of 1 April 2020, Current Report No. 6/2020 of 1 April 2020 and Current Report No. 31/2024 of 2 October 2024, the Management Board of the Warsaw Stock Exchange ("GPW", "Company", "Exchange") announces that in the process of preparation of the consolidated financial statements for 2024, a potential partial release of a VAT provision was identified for the subsidiary Izba Rozliczeniowa Giełd Towarowych S.A. ("IRGiT"), in which the Company indirectly holds a stake of 100%.The Company expects the provision to decrease by PLN 32 million compared to the provision amount in the financial statements as at the end of September 2024 due to the expiry of the limitation period for a significant part of the potential VAT liability in IRGiT. The total impact of the change in the provision resulting from the accrual of interest during the year and the above provision release on the consolidated profit before tax of the GPW Group for 2024 will amount to PLN 29 million.GPW announces that the provision release amount is subject to change during further work on the preparation of the Company's consolidated financial statements for 2024, scheduled for publication on 25 March 2025.Legal basis: Article 17(1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Official Journal L No. 173) ("MAR").