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Span d.d.
Interim / Quarterly Report • Jul 31, 2025
2101_10-q_2025-07-31_bc1cd311-fef4-421f-ba5e-b670e3945a71.pdf
Interim / Quarterly Report
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Unaudited financial statements of Span Group and Span d.d.
30.6.2025
Contents
1 Management Interim Report – Management Report 5
| 1.1. | Statement by Mihaela Trbojević, Member of the Management Board in charge | |
|---|---|---|
| of product and service management | 6 | |
| 1.2. | Corporate events | 8 |
| 1.3. | Business events, awards and acheivements | 14 |
| 1.4. People and community | 20 | |
| 2 | Financial Indicators for the first half of 2025 | 27 |
| 2.1. | Operating Revenue, EBITDA and Net Profit of Span Group | 28 |
| 2.2. Operating Revenue, EBITDA and Net Profit of Span d.d. | 29 | |
| 2.3. Key features of the period – first half of 2025 | 30 | |
| 2.4. Revenues by segments | 32 | |
| 2.5. Revenues by geographic markets | 34 | |
| 2.6. Balance Sheet | 35 | |
| 2.7. | Cash flow | 36 |
| 3 | Financial statements of Span Group and Span d.d. | 39 |
| 4 | Notes | 53 |
| 4.1. | Notes accompanying Financial Statements | 54 |
| 5. | Statement on responsibility for compiling a report in the observed period | 55 |
- 1.1. Statement by Mihaela Trbojević, Member of the Management Board in charge of product and service management 6
- 1.3. Business events, awards and acheivements 14
- 2 Financial Indicators for the first half of 2025 27
- 2.1. Operating Revenue, EBITDA and Net Profit of Span Group 28
- 2.2. Operating Revenue, EBITDA and Net Profit of Span d.d. 29
- 2.3. Key features of the period first half of 2025 30
- 2.5. Revenues by geographic markets 34
- 3 Financial statements of Span Group and Span d.d. 39
- 4.1. Notes accompanying Financial Statements 54
- 5. Statement on responsibility for compiling a report in the observed period 55
Management Interim Report – Management Report
1
1.1. Statement by Mihaela Trbojević,
Member of the Management Board in charge of product and service management
After 17 years of continuous professional development at Span, during which I had the opportunity to work with highly competent, committed and inspiring colleagues, it was with particular pleasure that I took over a new responsibility as the member of the Management Board in April this year. Over the years, we have been building a company that combines technical excellence, trust and long-term partnerships. Becoming a member of the Management Board is not only a personal milestone, but a continuation of a shared ambition regarding business development and a response to ever faster technological and market changes. In the coming period, I believe that the IT industry will face profound transformation driven by the development of artificial intelligence, cyber security, cloud technologies and further digital automation. In this context, Span has defined its strategic direction very clearly – strengthening the presence and the internationalisation of business on the markets of South, Central and Eastern Europe, and that of Central Asia. I believe that the synergy of regional expertise and international context is the key to long-term relevance and competitiveness.
In the first half of 2025, we continued with intense development of solutions based on artificial intelligence, with a clear focus on practical application and real business value. Confirmed by the Gartner and Stanford global analyses, our strategy is based on the integration of large language models with Retrieval Augmented Generation technology, which enables users to access relevant information in real time. By implementing such systems, we optimized communication, accelerated finding the answers and increased information accuracy in our users. Gartner's principle of AI-native development1 , a natural integration of artificial intelligence in development processes, is already part of our everyday practice. Development teams are using advanced AI tools to improve productivity and enable scalable personalization. In the area of predictive analytics and recommendations, our machine learning models
help users with making smarter decisions, adapting services and better understanding the business data, confirmed by the Stanford AI Index2 recording a strong global growth of AI in personalization.
Our expertise in cloud architecture enabled users to build scalable and optimized infrastructure, especially in the context of growing concern regarding the "cloud dissatisfaction"3 and unfulfilled expectations. Gartner's "Top Trends Shaping the Future of Cloud" report4 highlights the need for clear strategy and advanced management of cloud resources, which we addressed through our hybrid cloud projects connecting local systems with public cloud. Gartner5 is forecasting that by 2027 as many as 90% of organizations will deal with hybrid implementation6, and in accordance with such forecast our strategic partner approach enables users flexibility, security and continuous operations.
In the area of cyber security, we are following the global shift from prevention to resilience and sustainability. Gartner's report for 20257 warns against the fragmentation of security tools, whereby an average enterprise organization uses 45 different security technologies. Our Security Operations Center uses integrated platforms that enable the centralized incident management and reduce complexity. Span Cyber Security Center has transitioned into an adult learning institution, hence building the capacity for knowledge sharing, safety culture improvement and the development of future experts. In the context of dynamic market, long-term competitiveness of Span stems from the synergy of knowledge, expertise and joint responsibility of our teams – the foundation of our sustainable and technologically relevant future.
2 Artificial Intelligence Index Report 2025
3 "Cloud dissatisfaction" stands for user dissatisfaction with cloud services 4 Gartner Identifies the Top Trends Shaping the Future of Cloud
5 Gartner: 90% of organizations will adopt Hybrid Cloud through 2027
6 Best Practices for Multicloud Infrastructure Monitoring
1 The 2025 Hype Cycle for Artificial Intelligence Goes Beyond GenAI 7 Gartner Identifies the Top Cybersecurity Trends for 2025
obliged to submit to the Croatian Financial Services Supervisory Agency, and with the form, deadlines and method of their submission (Official Gazette 59/2020), Span submitted Annual Compliance questionnaire for share issuers11 to HANFA and published it on the websites of the Company and Zagreb Stock Exchange.
1.2.4. Establishing companies in the Czech Republic and Poland
On 9 April 2025, the Company SPAN IT s.r.o., V celnici 1031/4, Nové Město, 110 00 Prague 1, ID: 231 66 801 was established. Company Span B.V. from the Netherlands is the sole founder.
On 26 May 2025, a company was established and registered in Poland under the name SPAN POLSKA SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ, ul. PLAC MARSZ. JÓZEFA PIŁSUDSKIEGO, nr 1, lok. ---, miejsc. WARSZAWA, kod 00-078, poczta WARSZAWA, kraj POLSKA, ID: 0001175070. The founders are Span B.V. and Span d.d.
1.2. Corporate events
1.2.1.Acquisitions and disposals of treasury shares
In accordance with the Share Buy-Back Program adopted on 5 December 2024 at the meeting of the Management Board, and upon prior agreement of the Supervisory Board of Span d.d. (hereinafter: the Company), on 7 April 2025, the investment firm Interkapital vrijednosni papiri d.o.o. bought 500 SPAN shares, the weighted average price of EUR 42.26 per share, accounting for 0.0255% of the Company's share capital8 on the regulated market of the Zagreb Stock Exchange (ZSE) on behalf of, and on account of the Company.
In accordance with the Share Buy-Back Program, the Company also disposed of 3,066 own shares on 24 June 2025. Prior to said acquisitions and disposals, the Company owned 4,126 own shares, representing 0.2105% of the share capital, and after said acquisitions and disposals, it owns a total of 1,560 own shares, representing 0.0796% of the share capital. The Share Buy-Back Program is implemented with the purpose of the disposal of shares within the ESOP Program of the Company, remuneration of the members of the Management Board, the employees of the Company and subsidaries, potential acquisition of companies, and for any other purposes that are provided for as such and allowed under the applicable legislation of the Republic of Croatia, in line with the decision of the General Assembly of the Company on 13 June 2022.
1.2.2. Decision on the utilization of profit and payment of dividend
Meetings of the Management Board and the Supervisory Board of the Company took place on 30 April 2025, and it was then that the proposed Decision on the utilization of profit and payment of dividend in the amount of EUR 0.80 per share was adopted. The Management Board and the Supervisory Board proposed to the General Assembly that the dividend in the specified amount be paid to the shareholders of the Company who, on 17 June 2025, were registered as shareholders of the Company in the Central Depository and Clearing Company (record date). The claim for the dividend payment became due on 1 July 2025 (payment date). The date from which the share of the Company was traded without the right to the dividend payment was 16 June 2025 (ex date). Dividend was paid from the Company profit made in 20249.
1.2.3. Corporate Governance Code – Compliance Questionnaire for 2024
The Company applies the Corporate Governance Code of the Zagreb Stock Exchange and the Croatian Financial Services Supervisory Agency (HANFA), which is publicly available online on the sites of the Zagreb Stock Exchange (www.zse.hr) and HANFA (www.hanfa.hr).
With the Statement of the application of the Corporate Governance Code10, Span confirms that it operates in accordance with good corporate governance practices and, for the most part, according to the recommendations of the Code, publishes all information whose publication is provided for by positive regulations. In accordance with the Rulebook on information related to corporate governance, which issuers are
8 The Company's share capital amounts to EUR 3,920,000.00 and is split into 1,960,000 common shares with a nominal value of EUR 2.00, with the symbol SPAN-R-A and ISIN symbol HRSPANRA0007.
11 Questionnaire on Management Practices was also submitted to HANFA in the deadline laid down by law.
9 In the business year that was concluded on 31 December 2024, net consolidated profit of the Span Group amounted to EUR 3,398,171.75, and net profit of the Company amounted to EUR 2,756,029.09.
10 Published in the Annual Report for the year 2024: https://www.span.eu/en/media/annual-report-for-2024/
1.2.5. Notice on considering the issuance and listing of Sustainability-Linked Bonds and on approval and publication of Prospectus for the Public Offering and Listing of Sustainability-Linked Bonds
On 5 June 2025, the Company's Management Board adopted a Decision on consideration of the issuance of Sustainability-Linked Bonds in accordance with the ICMA Sustainability-Linked Bond Principles developed by the International Capital Market Association, in accordance with the relevant market standards, and their listing on the Official Market of the Zagreb Stock Exchange.
Issuing a Bond with a total nominal amount of up to EUR 25,000,000.00, with a one-off maturity of the principal after 5 years was considered.
On 5 June 5 2025, the Company's Supervisory Board approved the aforementioned Decision of the Company's Management Board. Following the above, on 5 June 2025, the Company published and made publicly available the Sustainability-Linked Bond Framework ("Framework") on the Company's website: Sustainability - Linked Bond Framework.
On 26 June 2025, the Croatian Financial Services Supervisory Agency (hereinafter: "HANFA") issued the decision on the approval of the Prospectus for the Public Offering and Listing of Sustainability-Linked Bonds (hereinafter: "Prospectus") dated 26 June 2025. The Prospectus relates to the public offering and listing of sustainability-linked bonds in the total nominal amount of up to EUR 25,000,000.00 with one-off maturity of the principal after 5 years, ticker: SPAN-O-307A, ISIN: HRSPANO307A0 (hereinafter: "Bonds").
On 26 June 2025, HANFA issued the decision class: UP/I 996-02/25-01/05, ref. no.: 32601- 60-62-25-12, approving the Prospectus. The Prospectus was published on 27 June 2025, and it is publicly available on the Company's website: Corporate documents.
Also, on 27 June 2025, the Company published and made publicly available the investor presentation (hereinafter: "Presentation") on its website, available on: Corporate documents.
Collected funds will be used to finance the Span Group's operation. This includes establishing and investing in new members of the Group through further internationalisation of business on the markets of South, Central and Eastern Europe, and that of Central Asia, financing capital investments, working capital, potential acquisitions and other corporate needs. The first wave of expansion includes the markets of Greece, Cyprus, Malta, Poland, Czech Republic, Slovakia, Romania and Kazakhstan.
This move marks the continuation of Span's activities in the area of sustainable business so far, and further consolidates Span's role of socially responsible company. By issuing the bonds, the Company undertakes to fulfil two key sustainability goals by the end of September 2029, in accordance with the Framework aligned with the principles of sustainability-linked bonds, published by the International Capital Market Association (ICMA).
Since nowadays cyber security represents one of the most important and financially most material ESG risks for organizations, the first goal, and also a key pillar of Span's long-term ESG focus is raising awareness of cyber security by conducting free online
training for small and medium-sized enterprises through Span Cyber Security Center. Second goal refers to the climate change mitigation by reducing absolute GHG scope 1 and 2 emissions.
By undertaking to fulfil the set goals, Span contributes to an increase of economic resilience, supporting the transition to a low-carbon economy at the same time.
"By issuing the sustainability-linked bond, Span shows it believes in specific actions, not just words. We want to be the drivers of change and prove that technological innovation can and must be of use when creating a more sustainable future, leading by example. Our goal is to invest in projects that make a positive impact, because we believe it is the only right way for long-term success – not only ours, but that of society in which we operate", said Ana Vukšić, Member of the Management Board of Span in charge of Finance and ESG.
Following the date of this report, the Bond was officially issued on 16 July 2025 and listed on the Official Market of the Zagreb Stock Exchange on 17 July with the first day of trading on 21 July 2025.
"By issuing the sustainability-linked bond, Span shows it believes in specific actions, not just words. We want to be the drivers of change and prove that technological innovation can and must be of use when creating a more sustainable future, leading by example."
— Ana Vukšić, MEMBER OF THE MANAGEMENT BOARD OF SPAN IN CHARGE OF FINANCE AND ESG
1.2.6. General Assembly of Span d.d.
Following the Invitation to the General As sembly of the Company, published on 30 April 2025, pursuant to the provisions of the Capital Market Act and the Zagreb Stock Exchange Rules, on 11 June 2025, starting at 10:00, at the address: Savska cesta 32, HOTO Tower, 1st floor, 10000 Zagreb, Croatia, a regular meeting of the General Assembly of the Company was held.
The Assembly was chaired by Mr. Stjepan Lović, Attorney at Law, and 1,408,095 votes were represented, which makes 72,01% of the total number of Company shares with voting rights, or 71,84% of the share in the Company's share capital.
In accordance with the agenda of the Gen eral Assembly of the Company, published in the Invitation to the General Assembly, the following decisions were made:
-
- Decision on the election of Chairperson of the General Assembly;
-
- Decision on the utilization of profit for 2024;
-
- Decision on giving discharge to Members of the Management Board of the Company for the business year 2024;
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- Decision on giving discharge to Members of the Supervisory Board of the Company for the business year 2024;
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- Decision on approval of the Report on Remuneration of the Management Board and the Supervisory Board of the Company in the business year 2024;
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- Decision on appointing the auditor of the Company and the Group for the business year 2025 and 2026
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- Decision on remuneration of the Members of the Supervisory Board;
The full contents of the decisions is available on the following link: General Assembly of Span d.d.
1.3.1. Span modernizes its visual identity and strengthens market recognition
We have introduced our new visual identity and the slogan "We get IT!" as a strong message to the domestic and international market: we understand the challenges of the digital age – and we are ready to tackle them.
The rebranding comes ten years after the last change of visual identity and is a logical step in the development of the company, which today employs more than 850 experts. The
1.3. Business events, awards and acheivements
central element of the new visual identity is Priority Star, a dynamic illustration that is updated every ten minutes and displays support requests and security alerts in real-time. This interactive display pulses like the company's digital heart, symbolizing its 24/7 presence and readiness to support its customers – always and everywhere.
"Rebranding is more than changing the logo – it is a reflection of our identity today and the direction we are heading towards. Through the new visual expression, we want to further strengthen Span's position as an expert IT partner that helps customers grow and be secure in today's dynamic digital environment with its knowledge, experience, and responsibility", said Nikola Dujmović, President of the Management Board of Span.
Our partner in the entire process of creating the new visual identity was the marketing communication agency Bruketa&Žinić&Grey, and the creative team was led by the creative director Davor Bruketa.
"Span is a company that, along with technological excellence, places a strong focus on partnership and 24/7 customer support. Therefore, the visual identity, along with the logo, includes Priority Star – an infographic that displays Span's pulse during a 24-hour period in real-time. Every employee and every customer at any moment can see what is happening inside Span – transparently, clearly, and precisely. Today, when cybersecurity and continuous availability of IT systems are the backbone of every serious business, it is crucial to have a partner like Span – a partner who always has your back", said Davor Bruketa, creative director and co-founder of the Bruketa&Žinić&Grey
agency.
The new visual identity enables us greater consistency and recognition, clearly communicating our key values – expertise and innovation, care, honesty and transparency.
28.4.2025.
1.3.2. Span Cyber Security Arena 2025
Cyber security has become fundamental to the survival of businesses and society as a whole, evolving into a multidisciplinary field that requires collaboration across various sectors. This was the central message of this year's Span Cyber Security Arena, a threeday cybersecurity conference held in Opatija that brought together leading international and domestic experts in IT security, law, regulation, and communication.
"Cybersecurity is becoming the heart of every company today, and IT experts must sit at the same table with management, legal professionals, and compliance teams. They all need to establish a common language because regulatory pressure is growing, and the responsibility for security can no longer be delegated to a single function", empha -
sized Nikola Dujmović, the President of the Management Board of Span at the opening of the conference which gathered around 450 attendees in Opatija.
This year, the conference once again brought together many global IT experts. In addition to former U.S. National Security Agency operative Ira Winkler and IBM Technology Director Martin Svik, another keynote lec ture was delivered by Andy Thompson, an American cyber security expert with nearly 30 years of hands-on experience in IT and security. Thompson discussed the emergence of Agentic Artificial Intelligence – capable of making autonomous decisions and taking independent actions – and highlighted its growing role not only in cyberattacks, but also in defending against them. One of last year's standout speakers, Paula Januszkiewicz, also returned to the stage. She emphasized that neglecting the security of Active Directory
1.3.3. Golden Balance Sheet
We were awarded the Golden Balance Sheet Award as the fastest growing company in Croatia – a recognition acknowledging our significant business expansion, stable growth and strategic focus towards creating long-term value. We received the award on 24 June at the ceremony organized by Fina and Jutarnji list, and among more than 160,000 analysed entrepreneurs and 4,707 companies in the final, Span was recognized as the most successful in the growth category.
Although the recognition is based on numbers and financial indicators, it represents much more to us – the power of ideas that came to life, a team that never gives up and values we base our success on for more than three decades.
1.3.4. Hewlett Packard Enterprise Gold Partner Status renewed
Once again, this year we renewed our Hewlett Packard Enterprise Gold Partner Status – an acknowledgement of longterm expertise, trust and commitment to providing top-quality solutions in the area of hybrid cloud and IT infrastructure. We were awarded the recognition at the HPE Intelligent Data Conference – a gathering of leading experts, HPE partners and users, where specific implementation of artificial intelligence, HPE GreenLake platform and network solutions in modern IT environments were discussed. Our focus remains on providing quality service to users when implementing demanding and complex HPE solutions. We want to thank our experts for their efforts, and our users for their trust.
(AD) systems can lead to catastrophic consequences, including serious data breaches. Drawing from real-world scenarios, Januszkiewicz provided actionable strategies to mitigate these risks and stressed the need of organizations for continuous investment in both education and technical capabilities.
While awareness of the importance of cyber resilience continues to grow, many speakers at the conference highlighted that small and medium-sized enterprises remain insufficiently aware of the risks they face in cyberspace. Cybercriminals are increasingly targeting smaller businesses that serve larger clients, exploiting their weaker security measures as entry points to more lucrative targets. However, small and medium-sized enterprises face significant challenges in defending against such attacks, including limited financial resources and a lack of trained specialists – factors that often hinder the adoption of robust cyber security policies. It is evident that cyber security demands deep expertise not only in IT and security but also in law, regulation, and communication – domains that can be used to address this topic in a comprehensive manner. This multidisciplinary approach was reflected throughout the conference, whose diverse program, supported by sponsors, demonstrated that cyber security is a shared responsibility across all sectors of society and the economy.
"The program of our conference encompassed general, professional, and highly specialized topics spanning IT, law, regulation, and communication. Through this content, we highlighted that cyber security is a collective responsibility involving all sectors and levels of society. Only a multidisciplinary approach can effectively address the cyber challenges we face today, and those that lie ahead", said Hrvoje Englman, Chief Information Security Officer (CISO) at Span and co-director of the conference.
1.4.2. Exchange of knowledge and connecting with the academic community
Over the past period, we actively participated in various events oriented towards enhancing the cooperation with the academic community and IT industry, with a particular focus on sharing knowledge and training young talents. We took part in the RiComp Conference, where we gave a lecture called "The development of efficient referral systems", and presented Span's approach in that area. Also, we participated in the Data Saturday Conference, where we spoke about "The implementation of Power BI CI/CD via Azure DevOps", focusing on specific practical solutions. Participation in these conferences shows Span's active role in the development of technological community and sharing practical knowledge.
1.4. People and community
In the second quarter, we continued strengthening our organizational culture, training our employees and connecting with socially responsible initiatives. Special emphasis was placed on knowledge exchange, promoting diversity and active participation in expert trainings and panels.
1.4.1.Development of competencies in the area of sustainability, children's rights and inclusion
Span's HR team and Sustainability team continue to systematically build competencies related to sustainable business, ESG standards and the development of organizational culture based on inclusion and equal opportunities for all employees. We successfully completed UNICEF's CSR Academy – a training oriented towards the integration of children's rights into business strategies, processes and reporting. In addition, we completed the corporate sustainability training, thereby further boosting our knowledge of ESG principles and sustainable business practices. Also, we participated in the Workplace Inclusion Champion Program, which focuses on creating a more inclusive work environment through raising awareness and overcoming unconscious bias, as well as promoting equal opportunities for all – with the purpose of making each employee feel seen, respected and included.
Within #EUDiversityMonth, we organized two workshops for the management, with more than 30 team leaders, managers and directors participating. Workshops focused on recognizing unconscious bias, discrimination and everyday challenges, with the purpose of strengthening inclusion as one of the core values and integral parts of Span's day to day. These activities further earn Span the position of an employer who approaches sustainability, human rights, children's rights and the culture of belonging strategically.
In addition, our experts participated in several important job fairs – including Job Fair Rijeka RITEH12, FOI13 Career Compass, Meet the Mathematicians 2025 and FER's14 Job Fair. Through lectures, presentations, speed date sessions and interactive games, we connected with students and future experts, and offered them a closer view of the business world and career opportunities in Span.
As part of our efforts in promoting STEM and enhancing the presence of women in ICT sector, we are extremely proud of our participation in Girls in ICT event, where we discussed challenges women face in this sector. The emphasis was placed on motivating high school female students to choose STEM area, while introducing our expertise by means of true stories and exchanging experiences.
At the business competition for high school students "Idea of the Year 2025", organized
12 Faculty of Engineering, Rijeka
13 Faculty of Organization and Informatics
14 Faculty of Electrical Engineering and Computing
by srednja.hr, we were one of the judges assessing the projects and we were also at the disposal of young innovators for advices or support. Our experts also participated in panel discussions contributing to the exchange of knowledge regarding modern business topics. At the panel "New ESG perspective: health in focus", organized by the Croatian Employers' Association, we introduced internal initiatives oriented towards volunteering, mental health and employee well-being. A special emphasis was placed on skilled-based volunteering as a form of additional development and contribution to the community, representing one of the key factors when it comes to health, motivation and long-term employee satisfaction.
1.4.3. Service Desk Open Day
Within activities aimed at getting young generations closer to working in the IT sector, we organized an Open Day in our Service Desk. The
aim of the initiative was to introduce graduating high-school pupils and students to customer support team's work and encourage them to begin their career at Span. During their visit, the participants witnessed first-hand how to resolve user requests, how our teams monitor IT system's work and resolve technical issues for users around the world. They tried out the monitoring tools, our experts introduced them to technologies, processes and challenges they face every day, and offered them a realistic insight into work environment.
The event ended with an interactive portion – career speed dating interviews, during which the participants could present themselves, ask questions and learn more about career opportunities. 32 participants took part in the activities. Open day turned out to be an extremely valuable format for connecting with young talents and presenting career opportunities at Span, so we are planning to hold these events regularly in the future. By means of these activities, Span further consolidates its position of the key tech-
nological community partner, builds bridges between the IT industry and education, supports growth and development of young talents and continuously fosters innovation and cooperation.
1.4.4. Sustainability in Span
1.4.4.1. Strengthening employee financial literacy
Over the past period, a series of lectures called "Financial wellness" was carried out in cooperation with Finax.eu, a company specializing in digital management of personal finances and investments. Through a series of thematic areas, employees were introduced to the key concepts of financial management, including building personal financial reserve, retirement planning and financial growth strategies.
1.4.4.2. Providing support to those who need it the most
This year, we celebrated the World Good Deeds Day by collecting clothes and other necessities in cooperation with the B.a.B.e Association, helping to raise awareness of the importance of doing something good for the community every day. Collected donations were intended for the Vukovar-Srijem County Safe House, which provides living conditions and psychosocial support to victims of domestic violence.
On the occasion of Easter, as always we took part in collecting gifts for the residents of the "Mali zmaj" Association, organized by Mihaela Trbojević, member of our Management Board. In addition, we donated a portable computer to Children's hospital Srebrnjak, which will enable them to conduct a new neurofeedback
therapy – modern, non-invasive method of alleviating the symptoms in children with sleeping disorder, ADHD, migraines and other conditions, as well as help athletes, musicians and performers improve their mental performance and focus. We believe good deeds should be an everyday thing, and we are proud that Span's team identifies with it!
1.4.4.3. "Cycle-Friendly Employer" Certificate
We renewed our European Cycle Friendly Employer (CFE) Certificate awarded to organizations that actively encourage their employees to use bicycles as a sustainable means of transportation, and create conditions to facilitate such use.
Arriving to work on two wheels is an everyday occurrence of many employees of Span. In order to ensure our cycling fleet still contributes to the reduction of carbon footprint, we organized a lecture called "Cycling to work – no sweat, no paranoia" in cooperation with Cyclists' Union, and ensured a free bicycle repair.
Financial Indicators for the first half of 2025
+136% YoY
+157% YoY
+98% YoY
2.1. Operating Revenue, EBITDA and Net Profit of Span Group
2.2. Operating Revenue, EBITDA and Net Profit of Span d.d.
Revenue
Total consolidated revenue increased by EUR 28,663 thousand, or 32% compared to the first half-year of 2024. Operating revenue increased by EUR 29,271 thousand in the same observed period. The highest absolute growth was recorded by the Software Asset Management and Licensing segment, while the highest relative growth was recorded by the Infrastructure Services, Cloud & Cyber Security segment (47%). Total revenue growth from IT services with high added value amounted to EUR 6,855 thousand.
In the same period, Span d.d. recorded a growth of total revenue by EUR 17,367 thousand, or 36%. The growth results from operating revenues, which were higher by EUR 17,503 thousand. Revenue growth is the result of growth in all business segments, particularly the IT services segment with high added value.
Operating expenses
The total consolidated operating expenses saw an increase by EUR 26,266 thousand, or 32% compared to 2024. The greatest generator of the growth of expenses was the cost of the goods and services sold, following the revenue growth.
The personnel expenses increased by EUR 3,117 thousand, or 18% compared to 2024. The average number of employees in the Group in the first half-year of 2025 was 867, compared to the prior year when the average number of employees in the Group was 862.
Total expenses of Span d.d. increased by EUR 13,537 thousand compared to the same period last year. Cost of the goods and services sold increased by EUR 8,282 thousand, while personnel expenses increased by EUR 4,915 thousand, which is mostly due to the merger of the companies Ekobit and Bonsai.
The average number of employees in the Company in the observed period is 764, which is an increase compared to the previous year when the average number of employees in the Company was 643. Increase in the number of employees is a result of Ekobit and Bonsai mergers, and after the merger, the employees continue to work in the segments of services with high added value.
EBITDA
EBITDA of the Group before one-off items increased by EUR 2,205 thousand, or 36% and amounts to EUR 8,385 thousand. One-off items of EBITDA of the Group were EUR 144 thousand and related to: 1) severance pay to a former member of the Management Board 2) adjustment of the last instalment liability related to the acquisition of GT Tarkvara.
EBITDA after one-off items in the first half-year of 2025 recorded an increase of 41% compared to the same period of the prior year.
Span d.d. recorded an increase of EBITDA before one-off items of EUR 3,694 thousand, or 136%, amounting to EUR 6,410 thousand. In the observed period, Span d.d. recorded an increase of EBITDA after one-off items of EUR 3,830 thousand, to EUR 6,266 thousand, which was a 157% increase.
The increase of depreciation and amortization in the Company is mostly the result of the merger of the company Ekobit, and leasing an additional business premise.
The Group's net financial result of the period amounted to EUR -45 thousand, as a result of foreign exchange losses in Span Croatia.
Net profit
Profit after taxation before one-off items of the Group increased by EUR 2,404 thousand, to EUR 5,081 thousand. In the observed period, profit after taxation after one-off items of the Group increased by EUR 2,596 thousand, to EUR 4,937 thousand. One-off items are lower by EUR 192 thousand compared to the same period last year.
2.3. Key features of the period – first half of 2025
Span Group
| In thousands of EUR | H1 2024 H1 2025 | ∆ % Q2 2024 Q2 2025 | ∆ % | |||
|---|---|---|---|---|---|---|
| Total revenue | 88,971 | 117,634 | 32% | 54,460 | 56,331 | 3% |
| Operating revenue* | 87,627 | 116,898 | 33% | 53,910 | 56,102 | 4% |
| Other revenue | 1,344 | 736 | -45% | 550 | 229 | -58% |
| Total costs | 83,128 | 109,393 | 32% | 51,073 | 52,035 | 2% |
| Costs of goods and services sold* | 60,677 | 83,677 | 38% | 39,552 | 38,681 | -2% |
| Personnel expenses | 17,541 | 20,658 | 18% | 8,892 | 10,883 | 22% |
| Other operating expenses | 4,910 | 5,059 | 3% | 2,630 | 2,471 | -6% |
| EBITDA before one-off items | 6,180 | 8,385 | 36% | 3,448 | 4,296 | 25% |
| EBITDA one-off items | 336 | 144 | -57% | 62 | - -100% | |
| EBITDA after one-off items | 5,844 | 8,241 | 41% | 3,387 | 4,296 | 27% |
| Depreciation and amortization | 1,873 | 2,078 | 11% | 933 | 1,041 | 12% |
| EBIT | 3,970 | 6,162 | 55% | 2,454 | 3,254 | 33% |
| Net financial result | (522) | (45) | 91% | (496) | (230) | 54% |
| Profit/loss before taxation before one-off items | 3,784 | 6,262 | 65% | 2,020 | 3,024 | 50% |
| Profit/loss before taxation after one-off items | 3,448 | 6,117 | 77% | 1,958 | 3,024 | 54% |
| Corporate tax | 1,107 | 1,181 | 7% | 902 | 765 | -15% |
| Profit/loss after taxation before one-off items | 2,677 | 5,081 | 90% | 1,118 | 2,259 | 102% |
| Profit/loss after taxation after one-off items | 2,341 | 4,937 | 111% | 1,056 | 2,259 | 114% |
Profit and Loss Account – shortened
Span d.d.
| In thousands of EUR | H1 2024 H1 2025 | ∆ % Q2 2024 Q2 2025 | ∆ % | |||
|---|---|---|---|---|---|---|
| Total revenue | 48,425 | 65,792 | 36% | 29,098 | 40,901 | 41% |
| Operating revenue | 48,114 | 65,617 | 36% | 28,981 | 40,801 | 41% |
| Other revenue | 311 | 176 | -44% | 117 | 100 | -15% |
| Total costs | 45,990 | 59,527 | 29% | 28,091 | 37,081 | 32% |
| Costs of goods and services sold | 29,561 | 37,843 | 28% | 19,673 | 25,783 | 31% |
| Personnel expenses | 12,840 | 17,756 | 38% | 6,592 | 9,341 | 42% |
| Other operating expenses | 3,588 | 3,927 | 9% | 1,825 | 1,956 | 7% |
| EBITDA before one-off items | 2,716 | 6,410 | 136% | 1,068 | 3,820 | 258% |
| EBITDA one-off items | 281 | 144 | -49% | 62 | - -100% | |
| EBITDA after one-off items | 2,436 | 6,266 | 157% | 1,007 | 3,820 280% | |
| Depreciation and amortization | 1,282 | 1,686 | 31% | 648 | 844 | 30% |
| EBIT | 1,153 | 4,580 | 297% | 359 | 2,976 | 729% |
| Net financial result | 1,608 | 822 | -49% | 1,589 | 962 | -39% |
| Profit/loss before taxation before one-off items | 3,042 | 5,547 | 82% | 2,010 | 3,937 | 96% |
| Profit/loss before taxation after one-off items | 2,761 | 5,402 | 96% | 1,948 | 3,937 | 102% |
| Corporate tax | 300 | 527 | 76% | 161 | 264 | 64% |
| Profit/loss after taxation before one-off items | 2,742 | 5,019 | 83% | 1,848 | 3,674 | 99% |
| Profit/loss after taxation after one-off items | 2,461 | 4,875 | 98% | 1,787 | 3,674 | 106% |
*revenue from voucher sales of a subsidary undertaking that was previously reported in gross amount is now reported in net amount, while revenue and direct expenses are adjusted for the previous period without impacting the results of the company and the Group.
Span d.d. recorded a growth of profit after taxation before one-off items by EUR 2,277 thousand, to EUR 5,019 thousand. Span d.d. recorded a growth of profit after taxation after one-off items by EUR 2,414 thousand to EUR 4,875 thousand.
The cost of corporate tax reflected the release of the deferred tax assets for both tax reliefs obtained based on the Investment Promotion Act.
The Management Board of Span d.d. continuously considers all risks related to the Russian – Ukrainian war and is of opinion that those risks do not jeopardize the financial results of the Group.
2.4. Revenues by segments
Span Group generated revenue in the following segments:
-
- Software Asset Management and Licensing
-
- Infrastructure Services, Cloud & Cyber Security
-
- Service Center Management and Technical Support
-
- Software and Business Solution Development
Data on revenues by segments of the operation of the Group and Span d.d. for the first half-year of 2024 and 2025 is provided above.
Revenues by segments
- Software Asset Management & Licensing 74.2%
- Infrastructure services, Cloud & Cyber Security 9.3%
- Service Center Management & Technical Support 10.1%
- Software & Business Solution Development 6.4%
- Software Asset Management & Licensing 56.9%
- Infrastructure services, Cloud & Cyber Security 16.0%
- Service Center Management & Technical Support 17.5%
- Software & Business Solution Development 9.6%
Revenues by segments
1. Software Asset Management and Licensing
recorded a growth of revenue by 35%. The Group recorded higher revenue compared to the first half-year of 2024. The highest growth was recorded by Span Croatia and Span LLC, Ukraine, followed by GT Tarkvara and Span Slovenia. The share of revenue in the total operating revenue was 74%.
2. Infrastructure Services, Cloud & Cyber
Security increased by 47% in the observed period, compared to the same period of the prior year. Revenue growth in this segment was generated by the realization of a strategic investment in this business part, additionally strengthened by the implementation of a large project at one of our key customers.
3. Service Center Management and Technical Support contributed to a continuous growth of revenue through the supervision and management of the IT surroundings services, with the increase of revenue of this segment amounting to 33% compared to the same period last year.
4. Software and Business Solution Devel-
opment in the observed period grew by 7% compared to the first half-year of the last
year.
Span Group
| In thousands of EUR | H1 2024 | H1 2025 | ∆ % Q2 2024 Q2 2025 | ∆ % | ||
|---|---|---|---|---|---|---|
| Total operating revenue | 87,627 | 116,898 | 33% | 53,910 | 56,102 | 4% |
| Software Asset Management and Licensing | 64,287 | 86,703 | 35% | 41,964 | 40,086 | -4% |
| Infrastructure Services, Cloud & Cyber Security | 7,449 | 10,913 | 47% | 4,226 | 6,195 | 47% |
| Service Center Management and Technical Support | 8,914 | 11,820 | 33% | 4,213 | 5,814 | 38% |
| Software and Business Solutions Development* | 6,978 | 7,462 | 7% | 3,507 | 4,007 | 14% |
Span d.d.
| H1 2024 | H1 2025 | ∆ % | |||
|---|---|---|---|---|---|
| 48,114 | 65,617 | 36% | 28,981 | 40,801 | 41% |
| 28,339 | 37,342 | 32% | 18,714 | 25,782 | 38% |
| 6,683 | 10,477 | 57% | 3,812 | 5,857 | 54% |
| 8,646 | 11,478 | 33% | 4,214 | 5,733 | 36% |
| 4,446 | 6,319 | 42% | 2,240 | 3,429 | 53% |
| ∆ % Q2 2024 Q2 2025 |
*revenue from voucher sales of a subsidary undertaking that was previously reported in gross amount is now reported in net amount, while revenue and direct expenses are adjusted for the previous period without impacting the results of the company and the Group.
2.5. Revenues by geographic markets
Revenues by geography show the geographic market where goods, or services arez invoiced. The share of revenue the Group makes in international markets was 83 % of total revenue. The Ukrainian market recorded a significant revenue growth of EUR 7,667 thousand (Microsoft still provided use of products free of charge for most of its users in Q1 2024). Growth additionally expanded in the Slovenian and US market.
Span d.d. achieves 29% of revenue on the Croatian market, while the US market achieved the highest growth in the first half-year of 2025.
Ukraine 19% Croatia 18% Slovenia 17% Estonia 13% UK 11% Others 22% Span Group H1 2024 Span Group H1 2025
Revenues by geographic markets
Span d.d. H1 2024 Span d.d. H1 2025
Assets
The total value of the assets of the Group was higher by EUR 6,886 thousand. The increase of the total assets is primarily the result of the increase in accounts receivable.
Investment in assets
Investments of Span Group in tangible assets mostly related to expenditure for the procurement and replacement of worn out computers and other equipment required for the work of employees. Right-of-use assets related to business premises and leased
vehicles. Investment in intangible assets in preparation related to the implementation of software for own use, and the investment in business premises leased by the Company.
Deferred tax assets
Deferred tax assets represent income tax return amounts which are recoverable based on future taxable profit deductions. Deferred tax assets are recognized up to the amount of taxable earnings which are likely to be achieved. When determining future taxable profits and the amount of taxable earnings
2.6. Balance Sheet
| Span Group | Span d.d. | ||||
|---|---|---|---|---|---|
| In thousands of EUR | 31.12.2024 | 30.6.2025 | 31.12.2024 | 30.6.2025 | |
| ASSETS | 81,177 | 88,063 | 61,034 | 70,767 | |
| Fixed assets | 25,063 | 24,412 | 30,024 | 29,912 | |
| Deferred tax assets | 1,158 | 406 | 933 | 406 | |
| Current assets | 25,997 | 41,547 | 17,091 | 28,937 | |
| Cash and cash equivalents | 24,368 | 18,199 | 8,994 | 8,438 | |
| Prepaid expenses and accrued income | 4,590 | 3,499 | 3,992 | 3,075 | |
| LIABILITIES | 81,177 | 88,063 | 61,034 | 70,767 | |
| Equity and reserves | 33,853 | 36,897 | 29,840 | 33,144 | |
| Long-term liabilities | 2,414 | 2,189 | 2,377 | 2,162 | |
| Current liabilities | 39,334 | 45,344 | 25,461 | 34,043 | |
| Accrued expenses and deferred revenue | 5,575 | 3,632 | 3,356 | 1,419 | |
Span d.d.
Span Group
| In thousands of EUR | H1 2024 H1 2025 Q2 2024 Q2 2025 | H1 2024 H1 2025 Q2 2024 Q2 2025 | ||||||
|---|---|---|---|---|---|---|---|---|
| Computer equipment and other equipment | 271 | 509 | 165 | 274 | 251 | 396 | 153 | 260 |
| Tangible assets in preparation | - | 17 | - | 8 | - | - | - | - |
| Right-of-use assets | 1,795 | 703 | 1,643 | 298 | 1,780 | 679 | 1,628 | 278 |
| Other intangible assets | 14 | 3 | 12 | 1 | - | - | - | - |
| Intangible assets in preparation | 262 | 194 | 138 | 128 | 379 | 194 | 173 | 128 |
| Investment in assets total | 2,342 | 1,426 | 1,958 | 709 | 2,410 | 1,269 | 1,954 | 666 |
Investment in assets
which are likely to be achieved in the future, the Group judges and creates an estimate based on taxable profits from the previous years and the expected future earnings which are considered to be reasonable in existing circumstances. The Group made an assessment of the usability of tax relief for the estimate of the amount of deferred tax assets, based on support received from the Ministry of Economy, Entrepreneurship and Crafts. The financial support received allows Span d.d. to be exempt from paying corporate income tax from 2021 to 2031.
Equity and reserves
The total equity and reserves of the Group increased by EUR 3,044 thousand. The increase arises from the retained profit and the profit of the current period.
Long-term and short-term liabilities
Total long-term liabilities decreased by EUR 225 thousand.
Short-term liabilities increased by EUR 6,010 thousand, primarily as a result of the increase in liabilities to suppliers.
2.7. Cash flow
The Group recorded a negative cash flow from operating activities due to somewhat lower capital flow in the first half-year of 2025. The Group recorded the coefficient of the current liquidity of 1.29, which points to the ability of the Group to settle its current liabilities.
Negative cash flow from investment activities was mostly the result of the payment of the last instalment for the acquisition of GT Tarkvara.
Negative cash flow from financial activities was mostly the result of monetary expenditures for the dividend payment.
Negative net debt of the Group amounted to EUR 9,258 thousand, and is an indicator of the financial liquidity of the Group.
Span d.d.
| 30.6.2025 | 31.12.2024 | |
|---|---|---|
| 40,449 | 30,077 | |
| 35,461 | 28,817 | |
| 4,988 | 1,260 | |
| 1.14 | 1.04 |
Current Assets, Current Liabilities and Working Capital Span Group
| In thousands of EUR | 31.12.2024 | 30.6.2025 |
|---|---|---|
| Current assets | 54,956 | 63,245 |
| Current liabilities | 44,910 | 48,976 |
| Working capital | 10,046 | 14,269 |
| Current liquidity ratio | 1.22 | 1.29 |
Span d.d.
Net debt Span Group
| In thousands of EUR | 31.12.2024 | 30.6.2025 | 31.12.2024 | 30.6.2025 |
|---|---|---|---|---|
| Short-term and long-term loans and lease liabilities* | 8,299 | 8,941 | 8,118 | 10,393 |
| Cash and cash equivalents | 24,368 | 18,199 | 8,994 | 8,438 |
| Net debt* | (16,069) | (9,258) | (876) | 1,956 |
| Total equity | 33,853 | 36,897 | 29,840 | 33,144 |
| Net debt and total equity ratio | - | - | - | 5.9% |
Net debt and total equity ratio - -
| Cash flow | Span Group | Span d.d. | ||||||
|---|---|---|---|---|---|---|---|---|
| In thousands of EUR | H1 2024 H1 2025 Q2 2024 Q2 2025 | H1 2024 H1 2025 Q2 2024 Q2 2025 | ||||||
| Net cash from operating activities | 3,661 | -1,828 | 325 | -1,196 | 3,215 | 1,241 | 5,894 | 1,442 |
| Net cash used in investment activities | -2,467 | -2,773 | -1,020 | -401 | -1,109 | -1,828 | 539 | 686 |
| Net cash used in financial activities | 1,180 | -1,568 | -818 | -2,100 | 628 | 31 | -2,777 | -557 |
| Net increase / decrease in cash and cash equivalents |
2,374 | -6,169 | -1,513 | -3,697 | 2,734 | -556 | 3,656 | 1,571 |
*in 2025, there was a change in the methodology of net debt indicator calculation. Lease liabilities (in accordance with IFRS 16) were included in the calculation, and the year 2024 was corrected accordingly.
Financial statements of Span Group and Span d.d.
Statement of profit or loss for the period 01.01.2025 to 30.06.2025 in EUR, submitter: Span d.d.
| Same period of the previous year |
Current period | ||||||
|---|---|---|---|---|---|---|---|
| Item | AOP code |
Cumulative | Quarter | Cumulative | Quarter | ||
| 1 | 2 | 3 | 4 | 5 | 6 | ||
| I OPERATING INCOME (ADP 002 to 006) | 001 | 88,971,107 | 54,459,881 | 117,633,805 | 56,331,327 | ||
| 1 Income from sales with undertakings within the Group | 002 | 0 | 0 | 0 | 0 | ||
| 2 Income from sales (outside Group) | 003 | 87,627,091 | 53,909,867 | 116,897,963 | 56,102,590 | ||
| 3 Income from the use of own products, goods and services | 004 | 0 | 0 | 0 | 0 | ||
| 4 Other operating income with undertakings within the Group | 005 | 0 | 0 | 0 | 0 | ||
| 5 Other operating income (outside the Group) | 006 | 1,344,016 | 550,014 | 735,842 | 228,737 | ||
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 007 | 85,000,708 | 52,002,636 | 111,471,603 | 53,077,308 | ||
| 1 Changes in inventories of work in progress and finished goods | 008 | 0 | 0 | 0 | 0 | ||
| 2 Material costs (ADP 010 to 012) | 009 | 63,969,084 | 41,179,976 | 87,153,930 | 40,640,225 | ||
| a) Costs of raw materials and consumables | 010 | 321,324 | 150,486 | 278,804 | 165,193 | ||
| b) Costs of goods sold | 011 | 59,100,458 | 38,825,990 | 82,081,871 | 38,082,587 | ||
| c) Other external costs | 012 | 4,547,302 | 2,203,500 | 4,793,255 | 2,392,445 | ||
| 3 Staff costs (ADP 014 to 016) | 013 | 17,848,928 | 9,199,796 | 20,657,658 | 10,883,356 | ||
| a) Net salaries and wages | 014 | 11,673,084 | 6,127,305 | 13,702,629 | 7,376,679 | ||
| b) Tax and contributions from salary costs | 015 | 4,619,729 | 2,288,881 | 5,115,849 | 2,571,391 | ||
| c) Contributions on salaries | 016 | 1,556,115 | 783,610 | 1,839,180 | 935,286 | ||
| 4 Depreciation | 017 | 1,873,193 | 932,748 | 2,078,305 | 1,041,308 | ||
| 5 Other costs | 018 | 1,309,503 | 693,354 | 1,381,710 | 432,419 | ||
| 6 Value adjustments (ADP 020+021) | 019 | 0 | -3,238 | 200,000 | 80,000 | ||
| a) fixed assets other than financial assets | 020 | 0 | 0 | 0 | 0 | ||
| b) current assets other than financial assets | 021 | 0 | -3,238 | 200,000 | 80,000 | ||
| 7 Provisions (ADP 023 to 028) | 022 | 0 | 0 | 0 | 0 | ||
| a) Provisions for pensions, termination benefits and similar obligations | 023 | 0 | 0 | 0 | 0 | ||
| b) Provisions for tax liabilities | 024 | 0 | 0 | 0 | 0 | ||
| c) Provisions for ongoing legal cases | 025 | 0 | 0 | 0 | 0 | ||
| d) Provisions for renewal of natural resources | 026 | 0 | 0 | 0 | 0 | ||
| e) Provisions for warranty obligations | 027 | 0 | 0 | 0 | 0 | ||
| f) Other provisions | 028 | 0 | 0 | 0 | 0 | ||
| 8 Other operating expenses | 029 | 0 | 0 | 0 | 0 | ||
| III FINANCIAL INCOME (ADP 031 to 040) | 030 | 468,897 | 238,597 | 806,869 | 337,969 | ||
| 1 Income from investments in holdings (shares) of undertakings within the Group | 031 | 0 | 0 | 0 | 0 | ||
| 2 Income from investments in holdings (shares) of companies linked by virtue of participating interests |
032 | 0 | 0 | 0 | 0 | ||
| 3 Income from other long-term financial investment and loans granted to undertakings within the Group |
033 | 0 | 0 | 0 | 0 | ||
| 4 Other interest income from operations with undertakings within the Group | 034 | 0 | 0 | 0 | 0 | ||
| 5 Exchange rate differences and other financial income from operations with undertakings within the Group |
035 | 0 | 0 | 0 | 0 | ||
| 6 Income from other long-term financial investments and loans | 036 | 0 | 0 | 0 | 0 | ||
| 7 Other interest income | 037 | 144,005 | 85,937 | 274,977 | 129,833 | ||
| 8 Exchange rate differences and other financial income | 038 | 324,892 | 152,660 | 531,892 | 208,136 | ||
| 9 Unrealised gains (income) from financial assets | 039 | 0 | 0 | 0 | 0 | ||
| 10 Other financial income | 040 | 0 | 0 | 0 | 0 | ||
| IV FINANCIAL EXPENSES (ADP 042 to 048) | 041 | 990,946 | 737,560 | 851,113 | 568,178 | ||
| 1 Interest expenses and similar expenses with undertakings within the Group | 042 | 0 | 0 | 0 | 0 | ||
| 2 Exchange rate differences and other expenses from operations with undertakings within the Group |
043 | 0 | 0 | 0 | 0 | ||
| 3 Interest expenses and similar expenses | 044 | 149,336 | 102,848 | 161,161 | 81,286 | ||
| 4 Exchange rate differences and other expenses | 045 | 841,610 | 634,712 | 689,952 | 486,892 | ||
| 5 Unrealised losses (expenses) from financial assets | 046 | 0 | 0 | 0 | 0 | ||
| 6 Value adjustments of financial assets (net) | 047 | 0 | 0 | 0 | 0 | ||
| 7 Other financial expenses | 048 | 0 | 0 | 0 | 0 | ||
| V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF PARTICIPATING INTERESTS | 049 | 0 | 0 | 0 | 0 |
| VI SHARE IN PROFIT FROM JOINT VENTURES | 050 | 0 | 0 | 0 | 0 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF PARTICIPATING INTEREST | 051 | 432 | 317 | 488 | 249 | ||||||||
| VIII SHARE IN LOSS OF JOINT VENTURES | 052 | 0 | 0 | 0 | 0 | ||||||||
| IX TOTAL INCOME (ADP 001+030+049 +050) | 053 | 89,440,004 | 54,698,478 | 118,440,674 | 56,669,296 | ||||||||
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052) | 054 | 85,992,086 | 52,740,513 | 112,323,204 | 53,645,735 | ||||||||
| XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 055 | 3,447,918 | 1,957,965 | 6,117,470 | 3,023,561 | ||||||||
| 1 Pre-tax profit (ADP 053-054) | 056 | 3,447,918 | 1,957,965 | 6,117,470 | 3,023,561 | ||||||||
| 2 Pre-tax loss (ADP 054-053) | 057 | 0 | 0 | 0 | 0 | ||||||||
| XII INCOME TAX | 058 | 1,106,792 | 901,701 | 1,180,505 | 764,606 | ||||||||
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | 2,341,126 | 1,056,264 | 4,936,965 | 2,258,955 | ||||||||
| 1 Profit for the period (ADP 055-059) | 060 | 2,341,126 | 1,056,264 | 4,936,965 | 2,258,955 | ||||||||
| 2 Loss for the period (ADP 059-055) | 061 | 0 | 0 | 0 | 0 | ||||||||
| DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) | |||||||||||||
| XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS (ADP 063-064) | 062 | 0 | 0 | 0 | 0 | ||||||||
| 1 Pre-tax profit from discontinued operations | 063 | 0 | 0 | 0 | 0 | ||||||||
| 2 Pre-tax loss on discontinued operations | 064 | 0 | 0 | 0 | 0 | ||||||||
| XV INCOME TAX OF DISCONTINUED OPERATIONS | 065 | 0 | 0 | 0 | 0 | ||||||||
| 1 Discontinued operations profit for the period (ADP 062-065) | 066 | 0 | 0 | 0 | 0 | ||||||||
| 2 Discontinued operations loss for the period (ADP 065-062) | 067 | 0 | 0 | 0 | 0 | ||||||||
| TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations) | |||||||||||||
| XVI PRE-TAX PROFIT OR LOSS (ADP 055-+062) | 068 | 0 | 0 | 0 | 0 | ||||||||
| 1 Pre-tax profit (ADP 068) | 069 | 0 | 0 | 0 | 0 | ||||||||
| 2 Pre-tax loss (ADP 068) | 070 | 0 | 0 | 0 | 0 | ||||||||
| XVII INCOME TAX (ADP 058+065) | 071 | 0 | 0 | 0 | 0 | ||||||||
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) | 072 | 0 | 0 | 0 | 0 | ||||||||
| 1 Profit for the period (ADP 068-071) | 073 | 0 | 0 | 0 | 0 | ||||||||
| 2 Loss for the period (ADP 071-068) | 074 | 0 | 0 | 0 | 0 | ||||||||
| APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements) | |||||||||||||
| XIX PROFIT OR LOSS FOR THE PERIOD (ADP 076+077) | 075 | 2,341,126 | 1,056,264 | 4,936,965 | 2,258,955 | ||||||||
| 1 Attributable to owners of the parent | 076 | 2,293,284 | 912,795 | 4,940,126 | 2,262,116 | ||||||||
| 2 Attributable to minority (non-controlling) interest | 077 | 47,842 | 143,469 | -3,161 | -3,161 | ||||||||
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | |||||||||||||
| I PROFIT OR LOSS FOR THE PERIOD | 078 | 2,341,126 | 1,056,264 | 4,936,965 | 2,258,955 | ||||||||
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 80+ 87) | 079 | -83,860 | -93,893 | -331,699 | -331,699 | ||||||||
| III Items that will not be reclassified to profit or loss (ADP 081 to 085) | 080 | 0 | 0 | 0 | 0 | ||||||||
| 1 Changes in revaluation reserves of fixed tangible and intangible assets | 081 | 0 | 0 | 0 | 0 | ||||||||
| 2 Gains or losses from subsequent measurement of equity instruments at fair value | 082 | 0 | 0 | 0 | 0 | ||||||||
| through other comprehensive income | |||||||||||||
| 3 Fair value changes of financial liabilities at fair value through statement of profit or loss, attributable to changes in their credit risk |
083 | 0 | 0 | 0 | 0 | ||||||||
| 4 Actuarial gains/losses on the defined benefit obligation | 084 | 0 | 0 | 0 | 0 | ||||||||
| 5 Other items that will not be reclassified | 085 | 0 | 0 | 0 | 0 | ||||||||
| 6 Income tax relating to items that will not be reclassified | 086 | 0 | 0 | 0 | 0 | ||||||||
| IV Items that may be reclassified to profit or loss (ADP 088 to 095) | 087 | -83,860 | -93,893 | -331,699 | -331,699 | ||||||||
| 1 Exchange rate differences from translation of foreign operations | 088 | -83,860 | -93,893 | -331,699 | -331,699 | ||||||||
| 2 Gains or losses from subsequent measurement of debt securities at fair value through other comprehensive income |
089 | 0 | 0 | 0 | 0 | ||||||||
| 3 Profit or loss arising from effective cash flow hedging | 090 | 0 | 0 | 0 | 0 | ||||||||
| 4 Profit or loss arising from effective hedge of a net investment in a foreign operation | 091 | 0 | 0 | 0 | 0 | ||||||||
| 5 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
092 | 0 | 0 | 0 | 0 | ||||||||
| 6 Changes in fair value of the time value of option | 093 | 0 | 0 | 0 | 0 | ||||||||
| 7 Changes in fair value of forward elements of forward contracts | 094 | 0 | 0 | 0 | 0 | ||||||||
| 8 Other items that may be reclassified to profit or loss | 095 | 0 | 0 | 0 | 0 | ||||||||
| 9 Income tax relating to items that may be reclassified to profit or loss | 096 | 0 | 0 | 0 | 0 | ||||||||
| V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- 086 - 096) | 097 | -83,860 | -93,893 | -331,699 | -331,699 | ||||||||
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097) | 098 | 2,257,266 | 962,371 | 4,605,266 | 1,927,256 | ||||||||
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) | |||||||||||||
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101) | 099 | 2,257,266 | 962,371 | 4,605,266 | 1,927,256 | ||||||||
| 1 Attributable to owners of the parent | 100 | 2,209,424 | 818,902 | 4,608,427 | 1,930,417 | ||||||||
| 2 Attributable to minority (non-controlling) interest | 101 | 47,842 | 143,469 | -3,161 | -3,161 | ||||||||
Balance sheet, as of 30.06.2025 in EUR, submitter: Span d.d.
| Item | AOP code | Last day of the preceding | At the reporting date of the |
|---|---|---|---|
| 1 | 2 | business year 3 |
current period 4 |
| A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID | 001 | 0 | 0 |
| B) FIXED ASSETS (ADP 003+010+020+031+036) | 002 | 26,220,943 | 24,817,275 |
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 14,976,850 | 14,400,744 |
| 1 Research and development | 004 | 1,754,106 | 1,442,996 |
| 2 Concessions, patents, licences, trademarks, software and other rights | 005 | 855,298 | 846,895 |
| 3 Goodwill | 006 | 8,905,148 | 8,905,148 |
| 4 Advances for the purchase of intangible assets | 007 | 0 | 0 |
| 5 Intangible assets in preparation | 008 | 120,232 | 140,163 |
| 6 Other intangible assets | 009 | 3,342,066 | 3,065,542 |
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 9,742,742 | 9,547,914 |
| 1 Land | 011 | 2,359,528 | 2,359,528 |
| 2 Buildings | 012 | 5,003,146 | 4,670,942 |
| 3 Plant and equipment | 013 | 1,030,032 | 990,573 |
| 4 Tools, working inventory and transportation assets | 014 | 1,347,065 | 1,508,483 |
| 5 Biological assets | 015 | 0 | 0 |
| 6 Advances for the purchase of tangible assets | 016 | 0 | 0 |
| 7 Tangible assets in preparation | 017 | 2,971 | 18,388 |
| 8 Other tangible assets | 018 | 0 | 0 |
| 9 Investment property | 019 | 0 | 0 |
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 342,899 | 462,411 |
| 1 Investments in holdings (shares) of undertakings within the Group | 021 | 0 | 0 |
| 2 Investments in other securities of undertakings within the Group | 022 | 0 | 0 |
| 3 Loans, deposits, etc. to undertakings within the Group | 023 | 0 | 0 |
| 4. Investments in holdings (shares) of companies linked by virtue of participating interests |
024 | 0 | 0 |
| 5 Investment in other securities of companies linked by virtue of participating interests |
025 | 0 | 0 |
| 6 Loans, deposits etc. to companies linked by virtue of participating interests | 026 | 0 | 0 |
| 7 Investments in securities | 027 | 0 | 0 |
| 8 Loans, deposits, etc. given | 028 | 52,100 | 52,100 |
| 9 Other investments accounted for using the equity method | 029 | 260,391 | 379,903 |
| 10 Other fixed financial assets | 030 | 30,408 | 30,408 |
| IV RECEIVABLES (ADP 032 to 035) | 031 | 509 | 509 |
| 1 Receivables from undertakings within the Group | 032 | 0 | 0 |
| 2 Receivables from companies linked by virtue of participating interests | 033 | 0 | 0 |
| 3 Customer receivables | 034 | 0 | 0 |
| 4 Other receivables | 035 | 509 | 509 |
| V DEFERRED TAX ASSETS | 036 | 1,157,943 | 405,697 |
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 50,365,645 | 59,746,544 |
| I INVENTORIES (ADP 039 to 045) | 038 | 278,655 | 1,680,396 |
| 1 Raw materials and consumables | 039 | 0 | 0 |
| 2 Work in progress | 040 | 0 | 0 |
| 3 Finished goods | 041 | 0 | 0 |
| 4 Merchandise | 042 | 278,655 | 1,680,396 |
| 5 Advances for inventories | 043 | 0 | 0 |
| 6 Fixed assets held for sale | 044 | 0 | 0 |
| 7 Biological assets | 045 | 0 | 0 |
| II RECEIVABLES (ADP 047 to 052) | 046 | 25,178,243 | 39,326,716 |
| 1 Receivables from undertakings within the Group | 047 | 0 | 0 |
| 2 Receivables from companies linked by virtue of participating interests | 048 | 0 | 0 |
| 3 Customer receivables | 049 | 24,309,482 | 38,094,849 |
| 4 Receivables from employees and members of the undertaking | 050 | 0 | 0 |
| 5 Receivables from government and other institutions | 051 | 209,776 | 690,434 |
| 6 Other receivables | 052 | 658,985 | 541,433 |
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 540,448 | 540,266 |
| 1 Investments in holdings (shares) of undertakings within the Group | 054 | 0 | 0 |
| 2 Investments in other securities of undertakings within the Group | 055 | 0 | 0 |
| 3 Loans, deposits, etc. to undertakings within the Group | 056 | 0 | 0 |
| 4 Investments in holdings (shares) of companies linked by virtue of participating interests |
057 | 0 | 0 |
| 5 Investment in other securities of companies linked by virtue of participating interests |
058 | 0 | 0 |
| 6 Loans, deposits etc. to companies linked by virtue of participating interests | 059 | 0 | 0 |
| 7 Investments in securities | 060 | 205,564 | 205,564 |
| 8 Loans, deposits, etc. given | 061 | 334,884 | 334,702 |
|---|---|---|---|
| 9 Other financial assets | 062 | 0 | 0 |
| IV CASH AT BANK AND IN HAND | 063 | 24,368,299 | 18,199,166 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 4,590,213 | 3,498,723 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 81,176,801 | 88,062,542 |
| OFF-BALANCE SHEET ITEMS | 066 | 0 | 0 |
| LIABILITIES | |||
| A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+083+086+089) | 067 | 33,853,446 | 36,897,370 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 3,920,000 | 3,920,000 |
| II CAPITAL RESERVES | 069 | 8,802,206 | 8,864,257 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 1,457,930 | 1,457,930 |
| 1 Legal reserves | 071 | 1,457,930 | 1,457,930 |
| 2 Reserves for treasury shares | 072 | 53,089 | 122,478 |
| 3 Treasury shares and holdings (deductible item) | 073 | -53,089 | -122,478 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 0 | 0 |
| IV REVALUATION RESERVES | 076 | 3,130,087 | 3,130,087 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 077 | -220,139 | -551,838 |
| 1 Financial assets at fair value through other comprehensive income (i.e. available for sale) |
078 | 0 | 0 |
| 2 Cash flow hedge - effective portion | 079 | 0 | 0 |
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | 0 | 0 |
| 4 Other fair value reserves | 081 | 0 | 0 |
| 5 Exchange differences arising from the translation of foreign operations | 082 | -220,139 | -551,838 |
| (consolidation) | |||
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-085) | 083 | 13,365,190 | 15,127,771 |
| 1 Retained profit | 084 | 13,365,190 | 15,127,771 |
| 2 Loss brought forward | 085 | 0 | 0 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | 3,398,172 | 4,940,126 |
| 1 Profit for the business year | 087 | 3,398,172 | 4,940,126 |
| 2 Loss for the business year | 088 | 0 | 0 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 0 | 9,037 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 0 | 0 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | 0 | 0 |
| 2 Provisions for tax liabilities | 092 | 0 | 0 |
| 3 Provisions for ongoing legal cases | 093 | 0 | 0 |
| 4 Provisions for renewal of natural resources | 094 | 0 | 0 |
| 5 Provisions for warranty obligations | 095 | 0 | 0 |
| 6 Other provisions | 096 | 0 | 0 |
| C) LONG-TERM LIABILITIES (ADP 098 to 108) | 097 | 2,413,870 | 2,189,335 |
| 1 Liabilities to undertakings within the Group | 098 | 0 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the Group | 099 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 100 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of | |||
| participating interests | 101 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 102 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 103 | 0 | 0 |
| 7 Liabilities for advance payments | 104 | 0 | 0 |
| 8 Liabilities to suppliers | 105 | 0 | 0 |
| 9 Liabilities for securities | 106 | 0 | 0 |
| 10 Other long-term liabilities | 107 | 1,579,245 | 1,354,710 |
| 11 Deferred tax liability | 108 | 834,625 | 834,625 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 39,334,066 | 45,343,981 |
| 1 Liabilities to undertakings within the Group | 110 | 0 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the Group | 111 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 112 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of | |||
| participating interests | 113 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 114 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 115 | 5,522,264 | 6,267,490 |
| 7 Liabilities for advance payments | 116 | 606,346 | 567,837 |
| 8 Liabilities to suppliers | 117 | 22,068,070 | 27,750,923 |
| 9 Liabilities for securities | 118 | 0 | 0 |
| 10 Liabilities to employees | 119 | 2,049,105 | 2,012,482 |
| 11 Taxes, contributions and similar liabilities | 120 | 3,455,542 | 5,384,017 |
| 12 Liabilities arising from the share in the result | 121 | 0 | 0 |
| 13 Liabilities arising from fixed assets held for sale | 122 | 0 | 0 |
| 14 Other short-term liabilities | 123 | 5,632,739 | 3,361,232 |
| E) ACCRUALS AND DEFERRED INCOME | 124 | 5,575,419 | 3,631,856 |
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) | 125 | 81,176,801 | 88,062,542 |
| G) OFF-BALANCE SHEET ITEMS | 126 | 0 | 0 |
| 0 | 0 |
|---|---|
| 0 | 0 |
| 0 0 |
0 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 9,037 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 0 |
0 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 0 |
0 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
Statement of cash flows - indirect method for the period 01.01.2025 to 30.06.2025 in EUR, submitter: Span d.d.
| Item | AOP code |
Same period of the previous year |
Current period | ||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | ||
| Cash flow from operating activities | |||||
| 1 Pre-tax profit | 001 | 3,447,918 | 6,117,470 | ||
| 2 Adjustments (ADP 003 to 010): | 002 | 1,935,232 | 1,962,119 | ||
| a) Depreciation | 003 | 1,873,192 | 2,078,303 | ||
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets | 004 | 13,079 | 40,842 | ||
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets | 005 | 1,087 | 200,488 | ||
| d) Interest and dividend income | 006 | -144,005 | -274,977 | ||
| e) Interest expenses | 007 | 149,336 | 161,161 | ||
| f) Provisions | 008 | 0 | 0 | ||
| g) Exchange rate differences (unrealised) | 009 | -55,954 | -314,959 | ||
| h) Other adjustments for non-cash transactions and unrealised gains and losses | 010 | 98,497 | 71,261 | ||
| I Cash flow increase or decrease before changes in working capital (ADP 001+002) | 011 | 5,383,150 | 8,079,589 | ||
| 3 Changes in the working capital (ADP 013 to 016) | 012 | -1,216,471 | -9,214,830 | ||
| a) Increase or decrease in short-term liabilities | 013 | 355,020 | 7,252,145 | ||
| b) Increase or decrease in short-term receivables | 014 | 3,277,868 | -14,213,161 | ||
| c) Increase or decrease in inventories | 015 | -1,277,377 | -1,401,741 | ||
| d) Other increase or decrease in working capital | 016 | -3,571,982 | -852,073 | ||
| II Cash from operations (ADP 011+012) | 017 | 4,166,679 | -1,135,241 | ||
| 4 Interest paid | 018 | -111,524 | -166,935 | ||
| 5 Income tax paid | 019 | -393,932 | -525,376 | ||
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 3,661,223 | -1,827,552 | ||
| Cash flow from investment activities | |||||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 10,295 | 20,042 | ||
| 2 Cash receipts from sales of financial instruments | 022 | 0 | 0 | ||
| 3 Interest received | 023 | 144,005 | 274,977 | ||
| 4 Dividends received | 024 | 0 | 0 | ||
| 5 Cash receipts from repayment of loans and deposits | 025 | 0 | 0 | ||
| 6 Other cash receipts from investment activities | 026 | 0 | 0 | ||
| III Total cash receipts from investment activities (ADP 021 to 026) | 027 | 154,300 | 295,019 | ||
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -556,815 | -731,829 | ||
| 2 Cash payments for the acquisition of financial instruments | 029 | 0 | 0 | ||
| 3 Cash payments for loans and deposits for the period | 030 | 0 | 0 | ||
| 4 Acquisition of a subsidiary, net of cash acquired | 031 | -2,064,497 | -2,216,432 | ||
| 5 Other cash payments from investment activities | 032 | 0 | -120,000 | ||
| IV Total cash payments from investment activities (ADP 028 to 032) | 033 | -2,621,312 | -3,068,261 | ||
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -2,467,012 | -2,773,242 | ||
| Cash flow from financing activities | |||||
| 1 Cash receipts from the increase in initial (subscribed) capital | 035 | 0 | 0 | ||
| 2 Cash receipts from the issue of equity financial instruments and debt financial instruments | 036 | 0 | 0 | ||
| 3 Cash receipts from credit principals, loans and other borrowings | 037 | 6,000,000 | 6,501,000 | ||
| 4 Other cash receipts from financing activities | 038 | 31,523 | 0 | ||
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 6,031,523 | 6,501,000 | ||
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -4,033,333 | -5,750,000 | ||
| 2 Cash payments for dividends | 041 | 0 | -1,564,299 | ||
| 3 Cash payments for finance lease | 042 | 0 | 0 | ||
| 4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital | 043 | -314,658 | -7,338 | ||
| 5 Other cash payments from financing activities | 044 | -503,544 | -747,702 | ||
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -4,851,535 | -8,069,339 | ||
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | 1,179,988 | -1,568,339 | ||
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents | 047 | 0 | 0 | ||
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) | 048 | 2,374,199 | -6,169,133 | ||
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 049 | 14,379,495 | 24,368,299 | ||
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD (ADP 048+049) | 050 | 16,753,694 | 18,199,166 |
Statement of changes in equity for the period from 01.01.2025 to 30.06.2025, in EUR
| Attributable to owners of the parent | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Item | AOP code |
Initial (subscribed) capital |
Capital | reserves Legal reserves | Reserves for treasury shares |
Treasury shares and holdings (deductible item) |
Statutory | reserves Other reserves Revaluation | reserves | Fair value of financial assets through other comprehensive income (available for sale) |
Cash flow hedge - effective portion |
Hedge of a net investment in a foreign operation - effective portion |
Other fair value reserves |
Exchange rate differences from translation of foreign operations |
Retained profit / loss brought forward |
Profit/loss for the business year |
Total attributable to owners of the parent |
Minority (non-controlling) interest |
Total capital and reserves |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 (3 to 6 - 7 + 8 to 17) | 19 | 20 (18+19) |
| Previous period | |||||||||||||||||||
| 1 Balance on the first day of the previous business year | 01 | 3,920,000 9,918,808 | 1,377,098 | 624,100 | 624,100 | 0 | 0 | 1,876,704 | 0 | 0 | 0 | 0 | -237,143 | 12,103,558 | 1,144,183 | 30,103,208 | 319,690 | 30,422,898 | |
| 2 Changes in accounting policies | 02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 Correction of errors | 03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 Balance on the first day of the previous business year (restated) (ADP 01 to 03) | 04 | 3,920,000 9,918,808 | 1,377,098 | 624,100 | 624,100 | 0 | 0 | 1,876,704 | 0 | 0 | 0 | 0 | -237,143 | 12,103,558 | 1,144,183 | 30,103,208 | 319,690 | 30,422,898 | |
| 5 Profit/loss of the period | 05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,398,172 | 3,398,172 | 0 | 3,398,172 |
| 6 Exchange rate differences from translation of foreign operations | 06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17,004 | 0 | 0 | 17,004 | 0 | 17,004 |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,253,383 | 0 | 0 | 0 | 0 | 0 | 120,405 | 0 | 1,373,788 | 0 | 1,373,788 |
| 8 Gains or losses from subsequent measurement of financial assets at fair value through other comprehensive income (available for sale) |
08 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 9 Profit or loss arising from effective cash flow hedge | 09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 Profit or loss arising from effective hedge of a net investment in a foreign operation | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 Share in other comprehensive income/loss of companies linked by virtue of participating interests | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 12 Actuarial gains/losses on the defined benefit obligation | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 13 Other changes in equity unrelated to owners | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 14 Tax on transactions recognised directly in equity | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy settlement procedure or from the reinvestment of profit) |
15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 Redemption of treasury shares/holdings | 18 | 0 | 0 | 0 | 233,231 | 233,231 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 19 Payments from members/shareholders | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 20 Payment of share in profit/dividend | 20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -124,122 | -461,445 | -585,567 | 0 | -585,567 |
| 21 Other distributions and payments to members/shareholders 22 Transfer to reserves according to the annual schedule |
21 22 |
0 0 |
-1,116,602 0 |
80,832 0 |
-804,242 0 |
-804,242 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
582,611 682,738 |
0 -682,738 |
-453,159 0 |
-319,690 0 |
-772,849 0 |
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 24 Balance on the last day of the previous business year reporting period (ADP 04 to 23) | 24 | 3,920,000 8,802,206 | 1,457,930 | 53,089 | 53,089 | 0 | 0 | 3,130,087 | 0 | 0 | 0 | 0 | -220,139 | 13,365,190 | 3,398,172 | 33,853,446 | 0 | 33,853,446 | |
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) | |||||||||||||||||||
| I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX (ADP 06 to 14) | 25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,253,383 | 0 | 0 | 0 | 0 | 17,004 | 120,405 | 0 | 1,390,792 | 0 | 1,390,792 |
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+25) III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY |
26 27 |
0 0 |
0 -1,116,602 |
0 80,832 |
0 -571,011 |
0 -571,011 |
0 0 |
0 0 |
1,253,383 0 |
0 0 |
0 0 |
0 0 |
0 0 |
17,004 0 |
120,405 1,141,227 |
3,398,172 -1,144,183 |
4,788,964 -1,038,726 |
0 -319,690 |
4,788,964 -1,358,416 |
| (ADP 15 to 23) | |||||||||||||||||||
| Current period | |||||||||||||||||||
| 1 Balance on the first day of the current business year | 28 | 3,920,000 8,802,206 | 1,457,930 | 53,089 | 53,089 | 0 | 0 | 3,130,087 | 0 | 0 | 0 | 0 | -220,139 | 13,365,190 | 3,398,172 | 33,853,446 | 0 | 33,853,446 | |
| 2 Changes in accounting policies | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 Correction of errors 4 Balance on the first day of the current business year (restated) (AOP 28 to 30) |
30 31 |
0 | 0 3,920,000 8,802,206 |
0 1,457,930 |
0 53,089 |
0 53,089 |
0 0 |
0 0 |
0 3,130,087 |
0 0 |
0 0 |
0 0 |
0 0 |
0 -220,139 |
0 13,365,190 |
0 3,398,172 |
0 33,853,446 |
0 0 |
0 33,853,446 |
| 5 Profit/loss of the period | 32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,940,126 | 4,940,126 | -3,161 | 4,936,965 |
| 6 Exchange rate differences from translation of foreign operations | 33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -331,699 | 0 | 0 | -331,699 | 0 | -331,699 |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 34 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 8 Gains or losses from subsequent measurement of financial assets at fair value | |||||||||||||||||||
| through other comprehensive income (available for sale) | 35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 9 Profit or loss arising from effective cash flow hedge | 36 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 Profit or loss arising from effective hedge of a net investment in a foreign operation | 37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 Share in other comprehensive income/loss of companies linked by virtue of participating interests | 38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 12 Actuarial gains/losses on the defined benefit obligation | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 13 Other changes in equity unrelated to owners | 40 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 14 Tax on transactions recognised directly in equity 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy settlement procedure or from the reinvestment of profit) |
41 42 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure | 43 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 Redemption of treasury shares/holdings | 45 | 0 | 0 | 0 | 110,147 | 110,147 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 19 Payments from members/shareholders | 46 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 20 Payment of share in profit/dividend | 47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,564,299 | 0 | -1,564,299 | 0 | -1,564,299 |
| 21 Other distributions and payments to members/shareholders | 48 | 0 | 62,051 | 0 | -40,758 | -40,758 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -71,292 | 0 | -9,241 | 12,198 | 2,957 |
| 22 Carryforward per annual plane | 49 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,398,172 | -3,398,172 | 0 | 0 | 0 |
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 24 Balance on the last day of the current business year reporting period (ADP 31 to 50) | 51 | 3,920,000 8,864,257 | 1,457,930 | 122,478 | 122,478 | 0 | 0 | 3,130,087 | 0 | 0 | 0 | 0 | -551,838 | 15,127,771 | 4,940,126 | 36,888,333 | 9,037 | 36,897,370 | |
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) | |||||||||||||||||||
| I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF TAX (ADP 33 to 41) II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 to 52) |
52 53 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
-331,699 -331,699 |
0 0 |
0 4,940,126 |
-331,699 4,608,427 |
0 -3,161 |
-331,699 4,605,266 |
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 42 to 50) |
54 | 0 | 62,051 | 0 | 69,389 | 69,389 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,762,581 | -3,398,172 | -1,573,540 | 12,198 | -1,561,342 |
Statement of profit or loss for the period 01.01.2025 to 30.06.2025 in EUR, submitter: Span d.d.
| of the previous year | Same period | Current period | |||||
|---|---|---|---|---|---|---|---|
| Item | AOP code |
Cumulative | Quarter | Cumulative | Quarter | ||
| 1 | 2 | 3 | 4 | 5 | 6 | ||
| I OPERATING INCOME (ADP 002 to 006) | 001 | 48,425,182 | 29,097,543 | 65,792,138 | 40,900,694 | ||
| 1 Income from sales with undertakings within the Group | 002 | 11,762,939 | 7,041,610 | 15,672,777 | 9,599,114 | ||
| 2 Income from sales (outside Group) | 003 | 36,350,972 | 21,939,185 | 49,943,744 | 31,201,760 | ||
| 3 Income from the use of own products, goods and services | 004 | 0 | 0 | 0 | 0 | ||
| 4 Other operating income with undertakings within the Group | 005 | 65,745 | 28,915 | 43,325 | 32,518 | ||
| 5 Other operating income (outside the Group) | 006 | 245,526 | 87,833 | 132,292 | 67,302 | ||
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 007 | 47,271,684 | 28,738,597 | 61,212,242 | 37,925,174 | ||
| 1 Changes in inventories of work in progress and finished goods | 008 | 0 | 0 | 0 | 0 | ||
| 2 Material costs (ADP 010 to 012) | 009 | 32,042,098 | 20,916,819 | 40,727,604 | 27,441,944 | ||
| a) Costs of raw materials and consumables | 010 | 271,798 | 124,998 | 250,332 | 151,390 | ||
| b) Costs of goods sold | 011 | 26,809,684 | 17,746,907 | 35,640,240 | 24,800,221 | ||
| c) Other external costs | 012 | 4,960,616 | 3,044,914 | 4,837,032 | 2,490,333 | ||
| 3 Staff costs (ADP 014 to 016) | 013 | 12,840,440 | 6,592,467 | 17,755,897 | 9,340,908 | ||
| a) Net salaries and wages | 014 | 7,863,654 | 4,108,021 | 11,212,850 | 6,030,835 | ||
| b) Tax and contributions from salary costs | 015 | 3,707,634 | 1,844,266 | 4,837,355 | 2,438,376 | ||
| c) Contributions on salaries | 016 | 1,269,152 | 640,180 | 1,705,692 | 871,697 | ||
| 4 Depreciation | 017 | 1,282,100 | 647,607 | 1,685,674 | 844,380 | ||
| 5 Other costs | 018 | 1,107,046 | 581,704 | 1,043,067 | 297,942 | ||
| 6 Value adjustments (ADP 020+021) | 019 | 0 | 0 | 0 | 0 | ||
| a) fixed assets other than financial assets | 020 | 0 | 0 | 0 | 0 | ||
| b) current assets other than financial assets | 021 | 0 | 0 | 0 | 0 | ||
| 7 Provisions (ADP 023 to 028) | 022 | 0 | 0 | 0 | 0 | ||
| a) Provisions for pensions, termination benefits and similar obligations | 023 | 0 | 0 | 0 | 0 | ||
| b) Provisions for tax liabilities | 024 | 0 | 0 | 0 | 0 | ||
| c) Provisions for ongoing legal cases | 025 | 0 | 0 | 0 | 0 | ||
| d) Provisions for renewal of natural resources | 026 | 0 | 0 | 0 | 0 | ||
| e) Provisions for warranty obligations | 027 | 0 | 0 | 0 | 0 | ||
| f) Other provisions | 028 | 0 | 0 | 0 | 0 | ||
| 8 Other operating expenses | 029 | 0 | 0 | 0 | 0 | ||
| III FINANCIAL INCOME (ADP 031 to 040) | 030 | 1,835,192 | 1,736,328 | 1,578,858 | 1,478,907 | ||
| 1 Income from investments in holdings (shares) of undertakings within the Group | 031 | 1,650,000 | 1,650,000 | 1,300,000 | 1,300,000 | ||
| 2 Income from investments in holdings (shares) of companies linked by virtue of participating interests |
032 | 0 | 0 | 0 | 0 | ||
| 3 Income from other long-term financial investment and loans granted to undertakings within the Group |
033 | 0 | 0 | 0 | 0 | ||
| 4 Other interest income from operations with undertakings within the Group | 034 | 0 | 0 | 0 | 0 | ||
| 5 Exchange rate differences and other financial income from operations with undertakings within the Group |
035 | 2,146 | 2,146 | 0 | 0 | ||
| 6 Income from other long-term financial investments and loans | 036 | 0 | 0 | 0 | 0 | ||
| 7 Other interest income | 037 | 23,122 | 20,039 | 78,818 | 36,648 | ||
| 8 Exchange rate differences and other financial income | 038 | 159,924 | 64,143 | 200,040 | 142,259 | ||
| 9 Unrealised gains (income) from financial assets | 039 | 0 | 0 | 0 | 0 | ||
| 10 Other financial income | 040 | 0 | 0 | 0 | 0 | ||
| IV FINANCIAL EXPENSES (ADP 042 to 048) | 041 | 227,488 | 147,383 | 756,395 | 517,099 | ||
| 1 Interest expenses and similar expenses with undertakings within the Group | 042 | 0 | 0 | 0 | 0 | ||
| 2 Exchange rate differences and other expenses from operations with undertakings within the Group |
043 | 10,044 | 10,044 | 4,453 | 4,453 | ||
| 3 Interest expenses and similar expenses | 044 | 153,422 | 109,561 | 162,291 | 84,038 | ||
| 4 Exchange rate differences and other expenses | 045 | 43,191 | 27,778 | 589,651 | 428,608 | ||
| 5 Unrealised losses (expenses) from financial assets | 046 | 0 | 0 | 0 | 0 | ||
| 6 Value adjustments of financial assets (net) | 047 | 0 | 0 | 0 | 0 | ||
| 7 Other financial expenses | 048 | 20,831 | 0 | 0 | 0 | ||
| V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF PARTICIPATING INTERESTS | 049 | 0 | 0 | 0 | 0 |
| VI SHARE IN PROFIT FROM JOINT VENTURES | 050 | 0 | 0 | 0 | 0 |
|---|---|---|---|---|---|
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF PARTICIPATING INTEREST | 051 | 0 | 0 | 0 | 0 |
| VIII SHARE IN LOSS OF JOINT VENTURES | 052 | 0 | 0 | 0 | 0 |
| IX TOTAL INCOME (ADP 001+030+049 +050) | 053 | 50,260,374 | 30,833,871 | 67,370,996 | 42,379,601 |
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052) | 054 | 47,499,172 | 28,885,980 | 61,968,637 | 38,442,273 |
| XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 055 | 2,761,202 | 1,947,891 | 5,402,359 | 3,937,328 |
| 1 Pre-tax profit (ADP 053-054) | 056 | 2,761,202 | 1,947,891 | 5,402,359 | 3,937,328 |
| 2 Pre-tax loss (ADP 054-053) | 057 | 0 | 0 | 0 | 0 |
| XII INCOME TAX | 058 | 300,017 | 161,196 | 527,412 | 263,706 |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | 2,461,185 | 1,786,695 | 4,874,947 | 3,673,622 |
| 1 Profit for the period (ADP 055-059) | 060 | 2,461,185 | 1,786,695 | 4,874,947 | 3,673,622 |
| 2 Loss for the period (ADP 059-055) | 061 | 0 | 0 | 0 | 0 |
| DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) | |||||
| XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS (ADP 063-064) | 062 | 0 | 0 | 0 | 0 |
| 1 Pre-tax profit from discontinued operations | 063 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss on discontinued operations | 064 | 0 | 0 | 0 | 0 |
| XV INCOME TAX OF DISCONTINUED OPERATIONS | 065 | 0 | 0 | 0 | 0 |
| 1 Discontinued operations profit for the period (ADP 062-065) | 066 | 0 | 0 | 0 | 0 |
| 2 Discontinued operations loss for the period (ADP 065-062) | 067 | 0 | 0 | 0 | 0 |
| TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations) | |||||
| XVI PRE-TAX PROFIT OR LOSS (ADP 055-+062) | 068 | 0 | 0 | 0 | 0 |
| 1 Pre-tax profit (ADP 068) | 069 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss (ADP 068) | 070 | 0 | 0 | 0 | 0 |
| XVII INCOME TAX (ADP 058+065) | 071 | 0 | 0 | 0 | 0 |
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) | 072 | 0 | 0 | 0 | 0 |
| 1 Profit for the period (ADP 068-071) | 073 | 0 | 0 | 0 | 0 |
| 2 Loss for the period (ADP 071-068) | 074 | 0 | 0 | 0 | 0 |
| APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements) | |||||
| XIX PROFIT OR LOSS FOR THE PERIOD (ADP 076+077) | 075 | 0 | 0 | 0 | 0 |
| 1 Attributable to owners of the parent | 076 | 0 | 0 | 0 | 0 |
| 2 Attributable to minority (non-controlling) interest | 077 | 0 | 0 | 0 | 0 |
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | |||||
| I PROFIT OR LOSS FOR THE PERIOD | 078 | 2,461,185 | 1,786,695 | 4,874,947 | 3,673,622 |
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 80+ 87) | 079 | 0 | 0 | 0 | 0 |
| III Items that will not be reclassified to profit or loss (ADP 081 to 085) | 080 | 0 | 0 | 0 | 0 |
| 1 Changes in revaluation reserves of fixed tangible and intangible assets | 081 | 0 | 0 | 0 | 0 |
| 2 Gains or losses from subsequent measurement of equity instruments at fair value | 082 | 0 | 0 | 0 | 0 |
| through other comprehensive income | |||||
| 3 Fair value changes of financial liabilities at fair value through statement of profit or loss, attributable to changes in their credit risk |
083 | 0 | 0 | 0 | 0 |
| 4 Actuarial gains/losses on the defined benefit obligation | 084 | 0 | 0 | 0 | 0 |
| 5 Other items that will not be reclassified | 085 | 0 | 0 | 0 | 0 |
| 6 Income tax relating to items that will not be reclassified | 086 | 0 | 0 | 0 | 0 |
| IV Items that may be reclassified to profit or loss (ADP 088 to 095) | 087 | 0 | 0 | 0 | 0 |
| 1 Exchange rate differences from translation of foreign operations | 088 | 0 | 0 | 0 | 0 |
| 0 | 0 | ||||
| 2 Gains or losses from subsequent measurement of debt securities at fair value through other comprehensive income |
089 | 0 | 0 | ||
| 3 Profit or loss arising from effective cash flow hedging | 090 | 0 | 0 | 0 | 0 |
| 4 Profit or loss arising from effective hedge of a net investment in a foreign operation | 091 | 0 | 0 | 0 | 0 |
| 5 Share in other comprehensive income/loss of companies linked by virtue of | 092 | 0 | 0 | 0 | 0 |
| participating interests | |||||
| 6 Changes in fair value of the time value of option | 093 | 0 | 0 | 0 | 0 |
| 7 Changes in fair value of forward elements of forward contracts | 094 | 0 | 0 | 0 | 0 |
| 8 Other items that may be reclassified to profit or loss | 095 | 0 | 0 | 0 | 0 |
| 9 Income tax relating to items that may be reclassified to profit or loss | 096 | 0 | 0 | 0 | 0 |
| V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- 086 - 096) | 097 | 0 | 0 | 0 | 0 |
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097) | 098 | 2,461,185 | 1,786,695 | 4,874,947 | 3,673,622 |
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) | |||||
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101) | 099 | 0 | 0 | 0 | 0 |
| 1 Attributable to owners of the parent 2 Attributable to minority (non-controlling) interest |
100 101 |
0 0 |
0 0 |
0 0 |
0 0 |
Balance sheet, as of 30.06.2025 in EUR, submitter: Span d.d.
| Item | AOP code | Last day of the preceding business year |
At the reporting date of the current period |
|---|---|---|---|
| 2 | 3 | 4 | |
| A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID | 001 | 0 | 0 |
| B) FIXED ASSETS (ADP 003+010+020+031+036) | 002 | 30,957,492 | 30,317,733 |
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 7,881,408 | 7,530,395 |
| 1 Research and development | 004 | 1,742,199 | 1,437,341 |
| 2 Concessions, patents, licences, trademarks, software and other rights | 005 | 794,103 | 781,976 |
| 3 Goodwill | 006 | 3,902,202 | 3,902,202 |
| 4 Advances for the purchase of intangible assets | 007 | 0 | 0 |
| 5 Intangible assets in preparation | 008 | 119,565 | 139,551 |
| 6 Other intangible assets | 009 | 1,323,339 | 1,269,325 |
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 9,369,409 | 9,188,074 |
| 1 Land | 011 | 2,359,528 | 2,359,528 |
| 2 Buildings | 012 | 4,835,835 | 4,592,223 |
| 3 Plant and equipment | 013 | 1,015,457 | 978,756 |
| 4 Tools, working inventory and transportation assets | 014 | 1,158,589 | 1,257,567 |
| 5 Biological assets | 015 | 0 | 0 |
| 6 Advances for the purchase of tangible assets | 016 | 0 | 0 |
| 7 Tangible assets in preparation | 017 | 0 | 0 |
| 8 Other tangible assets | 018 | 0 | 0 |
| 9 Investment property | 019 | 0 | 0 |
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 12,773,058 | 13,193,058 |
| 1 Investments in holdings (shares) of undertakings within the Group | 021 | 12,440,707 | 12,740,707 |
| 2 Investments in other securities of undertakings within the Group | 022 | 0 | 0 |
| 3 Loans, deposits, etc. to undertakings within the Group | 023 | 0 | 0 |
| 4. Investments in holdings (shares) of companies linked by virtue of participating interests |
024 | 266,375 | 386,375 |
| 5 Investment in other securities of companies linked by virtue of participating interests |
025 | 0 | 0 |
| 6 Loans, deposits etc. to companies linked by virtue of participating interests | 026 | 0 | 0 |
| 7 Investments in securities | 027 | 0 | 0 |
| 8 Loans, deposits, etc. given | 028 | 44,000 | 44,000 |
| 9 Other investments accounted for using the equity method | 029 | 0 | 0 |
| 10 Other fixed financial assets | 030 | 21,976 | 21,976 |
| IV RECEIVABLES (ADP 032 to 035) | 031 | 509 | 509 |
| 1 Receivables from undertakings within the Group | 032 | 0 | 0 |
| 2 Receivables from companies linked by virtue of participating interests | 033 | 0 | 0 |
| 3 Customer receivables | 034 | 0 | 0 |
| 4 Other receivables | 035 | 509 | 509 |
| V DEFERRED TAX ASSETS | 036 | 933,108 | 405,697 |
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 26,084,870 | 37,374,436 |
| I INVENTORIES (ADP 039 to 045) | 038 | 276,790 | 1,678,349 |
| 1 Raw materials and consumables | 039 | 0 | 0 |
| 2 Work in progress | 040 | 0 | 0 |
| 3 Finished goods | 041 | 0 | 0 |
| 4 Merchandise | 042 | 276,790 | 1,678,349 |
| 5 Advances for inventories | 043 | 0 | 0 |
| 6 Fixed assets held for sale | 044 | 0 | 0 |
| 7 Biological assets | 045 | 0 | 0 |
| II RECEIVABLES (ADP 047 to 052) | 046 | 16,701,665 | 27,090,958 |
| 1 Receivables from undertakings within the Group | 047 | 627,543 | 5,022,851 |
| 2 Receivables from companies linked by virtue of participating interests | 048 | 0 | 0 |
| 3 Customer receivables | 049 | 15,615,982 | 21,662,702 |
| 4 Receivables from employees and members of the undertaking | 050 | 0 | 0 |
| 5 Receivables from government and other institutions | 051 | 167,579 | 173,558 |
| 6 Other receivables | 052 | 290,561 | 231,847 |
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 112,383 | 167,505 |
| 1 Investments in holdings (shares) of undertakings within the Group | 054 | 0 | 0 |
| 2 Investments in other securities of undertakings within the Group | 055 | 0 | 0 |
| 3 Loans, deposits, etc. to undertakings within the Group | 056 | 112,383 | 167,505 |
| 4 Investments in holdings (shares) of companies linked by virtue of participating interests |
057 | 0 | 0 |
| 5 Investment in other securities of companies linked by virtue of participating interests |
058 | 0 | 0 |
| 6 Loans, deposits etc. to companies linked by virtue of participating interests | 059 | 0 | 0 |
| 7 Investments in securities | 060 | 0 | 0 |
| 8 Loans, deposits, etc. given | 061 | 0 | 0 |
|---|---|---|---|
| 9 Other financial assets | 062 | 0 | 0 |
| IV CASH AT BANK AND IN HAND | 063 | 8,994,032 | 8,437,624 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 3,991,624 | 3,074,690 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 61,033,986 | 70,766,859 |
| OFF-BALANCE SHEET ITEMS | 066 | 0 | 0 |
| LIABILITIES | |||
| A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+083+086+089) | 067 | 29,840,432 | 33,143,742 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 3,920,000 | 3,920,000 |
| II CAPITAL RESERVES | 069 | 9,005,744 | 9,067,795 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 1,369,105 | 1,369,105 |
| 1 Legal reserves | 071 | 1,369,105 | 1,369,105 |
| 2 Reserves for treasury shares | 072 | 0 | 69,389 |
| 3 Treasury shares and holdings (deductible item) | 073 | 0 | -69,389 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 0 | 0 |
| IV REVALUATION RESERVES | 076 | 3,130,087 | 3,130,087 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 077 | 0 | 0 |
| 1 Financial assets at fair value through other comprehensive income | |||
| (i.e. available for sale) | 078 | 0 | 0 |
| 2 Cash flow hedge - effective portion | 079 | 0 | 0 |
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | 0 | 0 |
| 4 Other fair value reserves | 081 | 0 | 0 |
| 5 Exchange differences arising from the translation of foreign operations | |||
| (consolidation) | 082 | 0 | 0 |
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-085) | 083 | 9,659,467 | 10,781,808 |
| 1 Retained profit | 084 | 9,659,467 | 10,781,808 |
| 2 Loss brought forward | 085 | 0 | 0 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | 2,756,029 | 4,874,947 |
| 1 Profit for the business year | 087 | 2,756,029 | 4,874,947 |
| 2 Loss for the business year | 088 | 0 | 0 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 0 | 0 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 0 | 0 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | 0 | 0 |
| 2 Provisions for tax liabilities | 092 | 0 | 0 |
| 3 Provisions for ongoing legal cases | 093 | 0 | 0 |
| 4 Provisions for renewal of natural resources | 094 | 0 | 0 |
| 5 Provisions for warranty obligations | 095 | 0 | 0 |
| 6 Other provisions | 096 | 0 | 0 |
| C) LONG-TERM LIABILITIES (ADP 098 to 108) | 097 | 2,376,673 | 2,161,910 |
| 1 Liabilities to undertakings within the Group | 098 | 0 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the Group | 099 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 100 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of | 101 | 0 | 0 |
| participating interests | |||
| 5 Liabilities for loans, deposits etc. | 102 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 103 | 0 | 0 |
| 7 Liabilities for advance payments | 104 | 0 | 0 |
| 8 Liabilities to suppliers | 105 | 0 | 0 |
| 9 Liabilities for securities | 106 | 0 | 0 |
| 10 Other long-term liabilities | 107 | 1,542,048 | 1,327,285 |
| 11 Deferred tax liability | 108 | 834,625 | 834,625 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 25,461,038 | 34,042,507 |
| 1 Liabilities to undertakings within the Group | 110 | 176,231 | 252,042 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the Group | 111 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 112 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests |
113 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 114 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 115 | 5,522,264 | 7,840,671 |
| 7 Liabilities for advance payments | 116 | 291,648 | 249,422 |
| 8 Liabilities to suppliers | 117 | 12,179,768 | 18,876,068 |
| 9 Liabilities for securities | 118 | 0 | 0 |
| 10 Liabilities to employees | 119 | 1,676,942 | 1,800,517 |
| 11 Taxes, contributions and similar liabilities | 120 | 1,665,443 | 2,501,041 |
| 12 Liabilities arising from the share in the result | 121 | 0 | 0 |
| 13 Liabilities arising from fixed assets held for sale | 122 | 0 | 0 |
| 14 Other short-term liabilities | 123 | 3,948,742 | 2,522,746 |
| E) ACCRUALS AND DEFERRED INCOME | 124 | 3,355,843 | 1,418,700 |
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) | 125 | 61,033,986 | 70,766,859 |
| G) OFF-BALANCE SHEET ITEMS | 126 | 0 | 0 |
Statement of cash flows - indirect method for the period 01.01.2025 to 30.06.2025 in EUR, submitter: Span d.d.
| Item | AOP code |
Same period of the previous year |
Current period |
|---|---|---|---|
| 1 | 2 | 3 | 4 |
| Cash flow from operating activities | |||
| 1 Pre-tax profit | 001 | 2,761,203 | 5,402,359 |
| 2 Adjustments (ADP 003 to 010): | 002 | -153,660 | 566,436 |
| a) Depreciation | 003 | 1,282,101 | 1,685,674 |
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets | 004 | -8,172 | 36,324 |
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets | 005 | 30,255 | 0 |
| d) Interest and dividend income | 006 | -1,673,122 | -1,378,818 |
| e) Interest expenses | 007 | 153,423 | 162,290 |
| f) Provisions | 008 | 0 | 0 |
| g) Exchange rate differences (unrealised) | 009 | 0 | 0 |
| h) Other adjustments for non-cash transactions and unrealised gains and losses | 010 | 61,855 | 60,966 |
| I Cash flow increase or decrease before changes in working capital (ADP 001+002) | 011 | 2,607,543 | 5,968,795 |
| 3 Changes in the working capital (ADP 013 to 016) | 012 | 789,238 | -4,528,551 |
| a) Increase or decrease in short-term liabilities | 013 | 4,974,728 | 8,281,972 |
| b) Increase or decrease in short-term receivables | 014 | -923,234 | -10,388,755 |
| c) Increase or decrease in inventories | 015 | -1,278,001 | -1,401,559 |
| d) Other increase or decrease in working capital | 016 | -1,984,255 | -1,020,209 |
| II Cash from operations (ADP 011+012) | 017 | 3,396,781 | 1,440,244 |
| 4 Interest paid | 018 | -115,611 | -163,611 |
| 5 Income tax paid | 019 | -66,516 | -35,978 |
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 3,214,654 | 1,240,655 |
| Cash flow from investment activities | |||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 10,295 | 20,042 |
| 2 Cash receipts from sales of financial instruments | 022 | 0 | 0 |
| 3 Interest received | 023 | 23,122 | 78,818 |
| 4 Dividends received | 024 | 1,650,000 | 1,300,000 |
| 5 Cash receipts from repayment of loans and deposits | 025 | 0 | 0 |
| 6 Other cash receipts from investment activities | 026 | 0 | 0 |
| III Total cash receipts from investment activities (ADP 021 to 026) | 027 | 1,683,417 | 1,398,860 |
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -631,026 | -590,034 |
| 2 Cash payments for the acquisition of financial instruments | 029 | 0 | 0 |
| 3 Cash payments for loans and deposits for the period | 030 | 0 | 0 |
| 4 Acquisition of a subsidiary, net of cash acquired | 031 | -2,161,772 | -2,516,432 |
| 5 Other cash payments from investment activities | 032 | 0 | -120,000 |
| IV Total cash payments from investment activities (ADP 028 to 032) | 033 | -2,792,798 | -3,226,466 |
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -1,109,381 | -1,827,606 |
| Cash flow from financing activities | |||
| 1 Cash receipts from the increase in initial (subscribed) capital | 035 | 0 | 0 |
| 2 Cash receipts from the issue of equity financial instruments and debt financial instruments | 036 | 0 | 0 |
| 3 Cash receipts from credit principals, loans and other borrowings | 037 | 7,550,000 | 8,069,729 |
| 4 Other cash receipts from financing activities | 038 | 56,802 | 16,402 |
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 7,606,802 | 8,086,131 |
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -6,054,164 | -5,821,524 |
| 2 Cash payments for dividends | 041 | 0 | -1,564,299 |
| 3 Cash payments for finance lease | 042 | 0 | 0 |
| 4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital | 043 | -314,659 | -7,338 |
| 5 Other cash payments from financing activities | 044 | -609,565 | -662,427 |
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -6,978,388 | -8,055,588 |
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | 628,414 | 30,543 |
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents | 047 | 0 | 0 |
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) | 048 | 2,733,687 | -556,408 |
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 049 | 4,832,308 | 8,994,032 |
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD (ADP 048+049) | 050 | 7,565,995 | 8,437,624 |
Statement of changes in equity for the period from 01.01.2025 to 30.06.2025, in EUR
| Initial (subscribed) capital |
reserves Legal reserves | Attributable to owners of the parent | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Item | AOP code |
Capital | Reserves for treasury shares |
Treasury shares and holdings (deductible item) |
Statutory | reserves Other reserves Revaluation | reserves | Fair value of financial assets through other comprehensive income (available for sale) |
Cash flow hedge - effective portion |
Hedge of a net investment in a foreign operation - effective portion |
Other fair value reserves |
Exchange rate differences from translation of foreign operations |
Retained profit / loss brought forward |
Profit/loss for the business year |
Total attributable to owners of the parent |
Minority (non-controlling) interest |
Total capital and reserves |
||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 (3 to 6 - 7 + 8 to 17) | 19 | 20 (18+19) |
| Previous period | |||||||||||||||||||
| 1 Balance on the first day of the previous business year | 01 | 3,920,000 9,918,809 | 1,259,454 | 571,011 | 571,011 | 0 | 0 | 1,876,704 | 0 | 0 | 0 | 0 | 0 | 9,646,042 | 461,445 | 27,082,454 | 0 | 27,082,454 | |
| 2 Changes in accounting policies | 02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 Correction of errors | 03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 Balance on the first day of the previous business year (restated) (ADP 01 to 03) | 04 | 3,920,000 9,918,809 | 1,259,454 | 571,011 | 571,011 | 0 | 0 | 1,876,704 | 0 | 0 | 0 | 0 | 0 | 9,646,042 | 461,445 | 27,082,454 | 0 | 27,082,454 | |
| 5 Profit/loss of the period | 05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,756,029 | 2,756,029 | 0 | 2,756,029 |
| 6 Exchange rate differences from translation of foreign operations | 06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,253,382 | 0 | 0 | 0 | 0 | 0 | 120,405 | 0 | 1,373,787 | 0 | 1,373,787 |
| 8 Gains or losses from subsequent measurement of financial assets at fair value through other comprehensive income (available for sale) |
08 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 9 Profit or loss arising from effective cash flow hedge | 09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 Profit or loss arising from effective hedge of a net investment in a foreign operation | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 Share in other comprehensive income/loss of companies linked by virtue of participating interests | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 12 Actuarial gains/losses on the defined benefit obligation | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 13 Other changes in equity unrelated to owners | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 14 Tax on transactions recognised directly in equity | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy settlement procedure or from the reinvestment of profit) |
15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 Redemption of treasury shares/holdings | 18 | 0 | 0 | 0 | 233,231 | 233,231 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 19 Payments from members/shareholders | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 20 Payment of share in profit/dividend 21 Other distributions and payments to members/shareholders |
20 21 |
0 0 |
0 -913,065 |
0 109,652 |
0 -804,242 |
0 -804,242 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
-124,122 17,142 |
-461,445 0 |
-585,567 -786,271 |
0 0 |
-585,567 -786,271 |
| 22 Transfer to reserves according to the annual schedule | 22 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 24 Balance on the last day of the previous business year reporting period (ADP 04 to 23) | 24 | 3,920,000 9,005,744 | 1,369,106 | 0 | 0 | 0 | 0 | 3,130,086 | 0 | 0 | 0 | 0 | 0 | 9,659,467 | 2,756,029 | 29,840,432 | 0 | 29,840,432 | |
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) | |||||||||||||||||||
| I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX (ADP 06 to 14) | 25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,253,382 | 0 | 0 | 0 | 0 | 0 | 120,405 | 0 | 1,373,787 | 0 | 1,373,787 |
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+25) III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY |
26 27 |
0 0 |
0 -913,065 |
0 109,652 |
0 -571,011 |
0 -571,011 |
0 0 |
0 0 |
1,253,382 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
120,405 -106,980 |
2,756,029 -461,445 |
4,129,816 -1,371,838 |
0 0 |
4,129,816 -1,371,838 |
| (ADP 15 to 23) | |||||||||||||||||||
| Current period 1 Balance on the first day of the current business year |
28 | 3,920,000 9,005,744 | 1,369,106 | 0 | 0 | 0 | 0 | 3,130,086 | 0 | 0 | 0 | 0 | 0 | 9,659,467 | 2,756,029 | 29,840,432 | 0 | 29,840,432 | |
| 2 Changes in accounting policies | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 Correction of errors | 30 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 Balance on the first day of the current business year (restated) (AOP 28 to 30) | 31 | 3,920,000 9,005,744 | 1,369,106 | 0 | 0 | 0 | 0 | 3,130,086 | 0 | 0 | 0 | 0 | 0 | 9,659,467 | 2,756,029 | 29,840,432 | 0 | 29,840,432 | |
| 5 Profit/loss of the period | 32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,874,948 | 4,874,948 | 0 | 4,874,948 |
| 6 Exchange rate differences from translation of foreign operations | 33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 34 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 8 Gains or losses from subsequent measurement of financial assets at fair value | 35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| through other comprehensive income (available for sale) | |||||||||||||||||||
| 9 Profit or loss arising from effective cash flow hedge | 36 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 Profit or loss arising from effective hedge of a net investment in a foreign operation | 37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 Share in other comprehensive income/loss of companies linked by virtue of participating interests 12 Actuarial gains/losses on the defined benefit obligation |
38 39 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
| 13 Other changes in equity unrelated to owners | 40 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 14 Tax on transactions recognised directly in equity | 41 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy settlement procedure or from the reinvestment of profit) |
42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure | 43 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 Redemption of treasury shares/holdings | 45 | 0 | 0 | 0 | 110,147 | 110,147 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 19 Payments from members/shareholders | 46 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 20 Payment of share in profit/dividend | 47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,564,299 | 0 | -1,564,299 | 0 | -1,564,299 |
| 21 Other distributions and payments to members/shareholders | 48 | 0 | 62,051 | 0 | -40,758 | -40,758 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -69,389 | 0 | -7,338 | 0 | -7,338 |
| 22 Carryforward per annual plane | 49 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,756,029 | -2,756,029 | 0 | 0 | 0 |
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 24 Balance on the last day of the current business year reporting period (ADP 31 to 50) | 51 | 3,920,000 9,067,795 | 1,369,106 | 69,389 | 69,389 | 0 | 0 | 3,130,086 | 0 | 0 | 0 | 0 | 0 | 10,781,808 | 4,874,948 | 33,143,743 | 0 | 33,143,743 | |
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) | |||||||||||||||||||
| I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF TAX (ADP 33 to 41) | 52 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 to 52) | 53 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,874,948 | 4,874,948 | 0 | 4,874,948 |
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 42 to 50) |
54 | 0 | 62,051 | 0 | 69,389 | 69,389 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,122,341 | -2,756,029 | -1,571,637 | 0 | -1,571,637 |
Issuer name: Span d.d Address: Koturaška cesta 47, 10000 Zagreb OIB: 19680551758 MBS: 080192242
Reporting period: January 1st – June 30th 2025
Notes to the financial statements for quarterly reporting periods are included in the Unaudited Business Results of Span Group and Span d.d. for the first six months 2025, available on Zagreb Stock Exchange website.
Annual Report of Span Group and Span d.d. for year 2024 is available on Span d.d. website.
The accounting policies applied in the preparation of the financial statements for the reporting period are the same as in the most recent annual financial statements.
Span Group issued corporate guarantees in the amount of EUR 5,952 thousand (of which EUR 2,267 thousand for Span d.d.).
Average number of Span Group employees in the period from 1.1.2025. to 30.6.2025. was 867. The average number of employees of Span d.d. in the period from 1.1.2025. to 30.6.2025. was 764.
4.1. Notes accompanying Financial Statements - (drawn up for quarterly reporting periods)
Deferred tax assets of Span Group as at 31 December 2024 amount to EUR 1,158 thousand, while for Span d.d. it amounts to EUR 933 thousand. In Span Group, in the reporting period, deferred tax assets have been decreased by EUR 752 thousand, while in Span d.d. deferred tax assets have been decreased by EUR 527 thousand. Decrease relates to the corporate income tax liability calculated on the result of the reporting period.
Span d.d. in the business year 2025 holds a majority interest in Span Kazahstan Ltd, Astana. The amount of capital that Span d.d. holds in Span Kazahstan Ltd amounts to 92,308%, ie EUR 150 thousand.
Companies where Span d.d. has unlimited liability are: Span d.o.o. Ljubljana, Span IT Ltd. London, Span USA Inc. Chicago, Span LLC Baku, Span GmbH Munich, LLC Span Kiev, Span Swiss AG in Liquidation Zurich, SPAN-IT SRL Chisinau, Cyber Security Incubator d.o.o. Zagreb, GT Tarkvara OU Tallinn, Span LLC Tbilisi, Ustanova Span Centar kibernetičke sigurnosti Zagreb, Span BV Amsterdam, Trilix d.o.o. Zagreb, SPAN IT s.r.o. Praha, SPAN POLSKA SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ Warsaw, Span Romania S.R.L. Bucharest.
Unaudited financial statements of Span d.d. and Span Group for the period from January 1st – June 30th 2025, are shown to be fair and truthful in accordance with International Financial Reporting Standards which have been consistently applied in relation to previous years.
5. Statement on responsibility for compiling a report in the observed period
All materially significant transactions were accordingly recorded in the accounting records, which were the basis of the financial statements. They give a truthful and complete overview of assets and obligations, the financial position and business activities of the Span d.d. and Span Group.
Nikola Dujmović President of the Management Board