PGE Polska Grupa Energetyczna S.A.

Earnings Release • Sep 10, 2024

Selected standalone financial data

of PGE Polska Grupa Energetyczna S.A.

	Period ended June 30,		Period ended June 30,
	2024	2023	2024	2023
		(not audited) (not audited) (not audited) (not audited)
	PLN million		EUR million
Sales revenues	23 493	35 548	5 450	7 706
Net profit/loss from operating activities	745	1 035	173	224
Gross profit/loss (before taxation)	1 524	2 253	354	488
Net profit/loss for the reporting period	1 243	1 950	288	423
Total income	1 255	1 777	291	385
Net cash from operating activities	-2 240	-9 123	-520	-1 978
Net cash from investing activities	6 307	2 013	1 463	436
Net cash from financial activities	-3 740	3 459	-868	750
Net change in cash and cash equivalents	327	-3 651	76	-791
Net earnings per share (in PLN/EUR per share)	0.55	0.87	0.13	0.19
Diluted earnings per share (in PLN/EUR per share)	0.55	0.87	0.13	0.19
Weighted average number of

shares (issued ordinary shares used for calculation of 2 243 712 994 2 243 712 994 2 243 712 994 2 243 712 994

EPS)

	As at		As at
	June 30, 2024 (not audited)	December 31, 2023 (audited)	June 30, 2024 (not audited)	December 31, 2023 (audited)
	PLN million		EUR million
Non-current assets	26 731	25 783	6 198	5 930
Current assets	30 800	34 294	7 141	7 887
Total assets	57 531	60 077	13 339	13 817
Equity	42 816	41 561	9 927	9 559
Share capital	19 184	19 184	4 448	4 412
Long-term liabilities	8 132	8 296	1 885	1 908
Short-term liabilities	6 583	10 220	1 526	2 351

Above financial data were converted into EUR according to the following rules:

particular items of the assets and liabilities – according to average exchange rate published by the National Bank of Poland EUR/PLN as of June 30,2024 – 4.3130 EUR/PLN and December 31, 2023 – 4.3480 EUR/PLN.

particular items of statement of comprehensive income and statement of cash flows – according to the exchange rate constituting an arithmetic average of average exchange rates set out by the National Bank of Poland at the end of every month of the reporting period from January 1, 2024 till June 30, 2024 – 4.3109 EUR/PLN; and for the period from January 1, 2023 till June 30, 2023 – 4.6130 EUR/PLN.