Rigas kugu buvetava

Quarterly Report • Nov 27, 2025

AS "RĪGAS KUĢU BŪVĒTAVA"

$Financial\ information\ for\ 9\ months\ of\ 2025$

AS "RĪGAS KUĢU BŪVĒTAVA" FINANCIAL INFORMATION OF NINE MONTHS OF YEAR 2025 GĀLES IELA 2, RĪGA, LV-1015, LATVIJA Reg.No. 40003045892

CONTENT

	PAGE
Information about the company	3
Statement on Management Liability	4
FINANCIAL STATEMENT:
Profit or Loss Statement	5
Balance Sheet	6-7
Statement of Changes in Equity	8
Cash Flow Statement	9

AS "RĪGAS KUĢU BŪVĒTAVA" FINANCIAL INFORMATION OF NINE MONTHS OF 2025 GĀLES IELA 2, RIGA, LV-1015, LATVIA, URN 40003045892

INFORMATION ABOUT THE COMPANY

Information about the company

Name of the company Rīgas kuģu būvētava

Legal status of the company Joint Stock Company

Registration Number, venue and date 40003045892, Riga, 5

December 1991 Registered with the Commercial Register 26 August 2004, Riga

Address Gāles iela 2, Riga, LV-1015

Main types of operations of the company Lease and management of own or leased real

estate, NACE2 68.20

Management Board of the Company:

Chairman of the Board Alexey Aleksandrov, holding the position from 25.11.2024,

separate right of representation

Board Member Aleksandr Aleksandrov, holding the position from 25.11.2024,

right of representation jointly with one Board Member

Board Member Ainārs Tropiņš, holding the position from 20.05.2024,

right of representation jointly with one Board Member

Supervisory Board of the Company:

Chairman of the Supervisory Board Irina Aleksandrova Deputy Chairman of the Supervisory Board Andris Gulbis Member of the Supervisory Board Jevgenia Diukhova Member of the Supervisory Board Einārs Buks Member of the Supervisory Board Sergii Ganzelynskyi

Report period Preceding report period January 01st – September 30th, 2025 January 01st – September 30th, 2024

STAMENET ON MANAGEMENT LIABILITY

The Company management is responsible for preparation of the financial statement.

The management of the Company hereby confirms that, based on the information available now of preparation of the report, the financial statements provide a true and clear presentation of the financial position of the Company as of September 30th, 2025 and its performance and cash flow according to all the substantial aspects. The management confirms that appropriate accounting policies have been used and applied consistently, and reasonable and prudent conclusions and estimates have been made in the preparation of the financial statements.

The management of the Company also confirms that the above financial statements have been prepared in compliance with the requirements of the laws and regulations of the Republic of Latvia, and the management has applied a going concern principle.

The Company management attests that, in preparation of the interim report, it has followed the same principles of recognition and evaluation of items as in preparation of the annual report.

The management of the Company is also responsible for keeping proper accounting records, for safeguarding the assets of the Company and detection and prevention of fraud and other irregularities.

On behalf of the Company management:

Alexey Aleksandrov (Member of the Board)

Ainārs Tropiņš (Member of the Board)

PROFIT OR LOSS STATEMENT	30.09.2025	30.09.2024
	EUR	EUR
Net turnover	1 751 774	1 550 728
Production costs of sold products, purchase costs of sold goods or provided services	(2 090 040)	(1 344 170)
Gross profit or loss	(338 266)	206 558
Cost of sales	(26 354)	-
Administration costs	(153 162)	(456 612)
Other revenue of economic operations	629 874
Other costs of economic operations	(471 410)	(158 878)
Other interest income and similar revenue	- -	-
Interest payments and similar expenses
Profit or loss before the corporate income tax	(359 318)	(419 777)
Report period profit or loss	(359 318)	(419 777)

Alexey Aleksandrov (Member of the Board)

Ainārs Tropiņš (Member of the Board)

Antra Orleāna (Chief Accountant)

BALANCE SHEET

	30.09.2025	30.09.2024
ASSETS	EUR	EUR
Long-term investments
Intangible investments
Other intangible investments	-	_
Total intangible investments
Fixed assets
Real estate land plots, buildings and engineering constructions Technological equipment and devices	2 638 911	3 407 555
Other fixed assets and inventory	476 492	514 668
Creation of fixed assets and costs of unfinished construction	12 907	145 108
Total fixed assets	3 128 310	4 067 330
Long-term financial investment
Participation in the capital of associates	-	-
Other securities and investment	235	235
Other loans and other long-term debtors	1 261 263	1 095 707
Total long-term financial investment	1 261 498	1 095 942
Total long-term investment	4 389 808	5 163 272
Current assets
Inventories
Raw materials, core materials and auxiliary materials	141 870	14 445
Advance payments for reserves	107 828	65 844
Total provisions	249 698	80 289
Receivables
Trade receivables	227 443	394 767
Other receivables	588 181	2 458 772
Costs of future periods	1 736	1 669
Accrued revenue	2 415 658	181 092
Total receivables	3 233 018	2 976 300
Cash	176 420	51 290
Total current assets	3 659 136	3 107 879
Total Assets	8 048 944	8 271 151

	30.09.2025. EUR	30.09.2024 EUR
LIABILITIES
Owners equity Share capital (fixed capital) Long-term investment revaluation reserve	16 340 950 21 573	16 340 950 21 573
Reserves: Other reserves Retained profit	266 962	266 962
Undistributed profit or uncovered loss of the preceding years Report period retained profit or loss Total retained profit	(13 901 451) (359 318) (14 260 769)	(15 311 813) (419 777) (15 731 590)
Total equity capital	2 368 716	897 895
Total provisions	2 415 659	2 395 991
Accounts payable Long-term creditors
Other loans Payables to suppliers and contractors Payable to related companies	2 638 993	2 640 846 480 000
Revenue of future periods Total long-term creditors	2 638 993	295 646 3 416 492
Short-term creditors
Other loans	167 208	167 208
Advances from customers Payables to suppliers and contractors Payables to related companies	10 000 204 667	218 763
Taxes and social insurance contributions	146 740	438 268
Other accounts payable Revenue of future periods		41 747 542 257
Unpaid dividends	11 746	11 746
Accrued liabilities	85 215	140 784
Total short-term accounts payable	625 576	1 560 773
Total creditors	3 264 569048	4 977 265
Total liabilities	8 048 944	8 271 151

Alexey Aleksandrov (Member of the Board)

Ainārs Tropiņš (Member of the Board)

Antra Orleāna (Chief Accountant)

STATEMENT OF CHANGES IN EQUITY

	9 months 2025
Share capital (share capital)
Amount shown in the previous year's balance sheet	16 340 950
Amount as at the end of the period	16 340 950
Long-term investment revaluation reserve
Amount shown in the previous year's balance sheet	21 573
Long-term investment revaluation reserve decrease in
balances
Amount at the end of the period as shown in the balance sheet for the year under review	21 573
Reserves
Amount shown in the previous year's balance sheet	266 962
Amount at the end of the period as shown in the balance sheet for the year under review	266 962
Retained earnings
Amount shown in the previous year's balance sheet	(15 731 590)
Increase/decrease in retained earnings	1 470 821
Amount at the end of the period as shown in the balance sheet for the year under review	(14 260 769)
Equity
Amount shown in the previous year's balance sheet	897 895
Amount at the end of the period as shown in the balance sheet for the year under review	2 368 716

Alexey Aleksandrov (Member of the Board)

Ainārs Tropiņš (Member of the Board)

Antra Orleāna (Chief Accountant)

CASH FLOW REPORT

	9 months 2025
	Eur
1. Profit or loss before corporation tax Corrections:	(359 318)
a) impairment allowances for fixed assets h) impairment allowances for long-term and short-term financial investments; i) interest and similar charges.
2. Profit or loss before adjustments for the effects of changes in working capital and short-term payables Corrections:	(359 318)
a) increases or decreases in accounts receivable balances	256 718
b) an increase or decrease in stock balances	169 409
c) increases or decreases in balances due to suppliers,	(78 359)
contractors and other creditors
3. Gross operating cash flow 4. Interest expense.	347 768
5. Expenditure on corporation tax payments.
6. Net operating cash flow
II. Cash flow from investing activities
3. Acquisition of fixed assets and intangible investments
4. Proceeds from the sale of property, plant and equipment and intangible investments
5. Loans issued
9. Ieguldīšanas darbības neto naudas plūsma
III. Net cash flow from investing activities.
2. Received loans
3. Subsidies, grants, gifts or donations received. 4.
Expenses for repayment of loans 7. Financing operations net cash flow
IV. Result of fluctuations in foreign exchange rates
V. Net cash flow of the reporting period	(11 550)
VI. Cash and its equivalents in the beginning of the reporting period	187 970
VII. Cash and its equivalents at the end of the reporting period	176 420
Alexey Aleksandrov (Member of the Board)
Ainārs Tropiņš (Member of the Board)
Antra Orleāna (Chief Accountant)
Riga, November 26th, 2025