AUGA group - Interim / Quarterly Report 2022

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AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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I. GENERAL INFORMATION ............................................................................................................................................................................ 2 II. MANAGEMENT REPORT ............................................................................................................................................................................. 4 III. FINANCIAL STATEMENTS ........................................................................................................................................................................ 12 Consolidated balance sheet ........................................................................................................................................................................ 12 Consolidated statement of profit or loss and statement of other comprehensive income ............................................................................. 13 Consolidated statement of changes in equity .............................................................................................................................................. 14 Consolidated statement of cash flows ......................................................................................................................................................... 15 IV. EXPLANATORY NOTES ............................................................................................................................................................................ 16 1. Basis of the preparation .......................................................................................................................................................................... 16 2. Share capital and reserves ..................................................................................................................................................................... 17 3. The structure of the Group ...................................................................................................................................................................... 18 4. Property, plant and equipment ................................................................................................................................................................ 22 5. Biological assets ..................................................................................................................................................................................... 23 6. Inventory ................................................................................................................................................................................................. 23 7. Receivables and advance payments ....................................................................................................................................................... 23 8. Financial liabilities ................................................................................................................................................................................... 24 9. Leases .................................................................................................................................................................................................... 24 10. Results of business segments .............................................................................................................................................................. 25 11. Operating expenses .............................................................................................................................................................................. 27 12. Other income ........................................................................................................................................................................................ 27 13. Other gains/(losses) .............................................................................................................................................................................. 27 14. Financial expenses ............................................................................................................................................................................... 28 15. Subsequent events January 2022 – February 2023 .............................................................................................................................. 28 V. CONFIRMATION OF RESPONSIBLE PERSONS ....................................................................................................................................... 29

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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I. GENERAL INFORMATION

1.1. Accounting period covered by the report

Consolidated interim report was prepared for the 12-month period ended 31 December 2022.

1.2. Key data on the issuer

Name of the company: AUGA group, AB (hereinafter – AUGA group, AB or the Company) Share capital: EUR 66,617,089.58 Address of head office: Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania Telephone: +370 5 233 53 40 Fax: +370 5 233 53 45 E-mail address: [email protected] Website: www.auga.lt Legal entity form: Joint stock company Place and date of registration: 25 June 2003, Vilnius Register code: 126264360 Registrant of the Register of Legal entities: VĮ Registrų centras

1.3. Main lines of business of the Group

Operations area: Organic agriculture Main operating segments: Crop growing and sale, milk production and sale, mushroom growing and sale, fast moving consumer goods production and sale.

1.4. The structure of the Group

As of 31 December 2022, the consolidated Group (hereinafter the Group) consists of the Company and 139 subsidiaries (31 December 2021: 127 subsidiaries). Please refer to the financial statements note 3 for a detailed list of the Group companies.

1.5. Agreements with the mediators of securities public circulation

The Company and FMĮ Orion Securities UAB (A. Tumėno st. 4, B building, LT-01109 Vilnius) signed an agreement regarding handling of Shareholders accounts.

1.6. Data about securities traded on regulated markets

The securities of the Company are included in Main List of NASDAQ Vilnius stock exchange (symbol: AUG1L).

Type of shares	Number of shares	Share nominal value (in EUR)	Total share capital (in EUR)	Issue Code ISIN
Ordinary registered shares	229,714,102	0.29	66,617,089.58	LT0000127466

The securities of the Company were also traded in Warsaw Stock Exchange. On 14 March 2022 the Polish Financial Supervision Authority has made the decision to give consent to the delisting of the Company's shares from the Warsaw Stock Exchange from 8 April 2022. As of this date, the Company's shares will no longer be listed on the Warsaw Stock Exchange. The board of Warsaw Stock Exchange has also agreed to delist the Company’s shares from the respective exchange on 8 April 2022. Because of delisting, the last day of trading of Company’s shares in the regulated market of Warsaw Stock Exchange was 7 April 2022.

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

(All amounts are in EUR thousand, unless stated otherwise)

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Information about the Company’s shares trading on the NASDAQ Vilnius:

Reporting perio	d Average		Price, EUR		Total turnover	Total turnover
		Open	High Low	Last	Units	EUR
2022 I-IV quarters	0,439	0,498	0,524 0,37	8 0,389	5 226 0	74 2 294 852

AUGA group, AB shares volume, share price and OMX Baltic Benchmark index variance for the period of 1 January 2020 to 31 December 2022.

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PRICE (EUR) VOLUME (UNITS)
0,7 800 000
700 000
0,6
600 000
0,5
500 000
0,4
400 000
0,3
300 000
0,2
200 000
0,1 100 000
0 0
| 2020 | 2021 | 2022 |
Shares volume Share price OMX Baltic Benchmark GI
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Source: NASDAQ Vilnius stock exchange

1.7. Information on non-financial reporting

The Company does not prepare interim non-financial reporting information. Annual Sustainability report of the Company for the year 2021 is provided in the Group’s consolidated annual report for the year ending 31 December 2021.

1.8. Significant post balance sheet events

Post balance sheet events are disclosed in the consolidated financial statements of the Group for the 12-month period ending 31 December 2022. See financial statements’ note 15 for more details.

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

(All amounts are in EUR thousand, unless stated otherwise)

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II. MANAGEMENT REPORT

2.1. Overall results

In 2022, AUGA group AB and its subsidiaries (hereinafter - the Group) improved their overall results as compared to 2021. According to the Group's data, sales revenue in the 12 months of 2022 rose by 12% and reached EUR 80.09 million, as compared with EUR 71.72 million in the same period last year.

The Group's gross profit in 2022 was EUR 15.20 million, an increase of 285% compared to the same period of the previous year. Its net loss decreased from EUR 15.44 million to EUR 2.72 million, whereas EBITDA rose 115 percent from EUR 9.10 million in 2021 to EUR 19.55 million by the end of 2022.


Main financial results, EUR million	12-month of 2022	12-month of 2021	12-month of	Variance	Variance
			2020	2022/2021, %	2021/2020, %

Revenues	80.09	71.72	83.07	+12%	-14%
Gross profit (loss)	15.20	3.95	15.77	+285%	-75%
Gross profit margin	19%	6%	19%	+246%	-71%
Net profit (loss)	(2.72)	(15.44)	1.79	+82%	n/a
Net profit margin	(3%)	(22%)	2%	+84%	n/a
EBITDA	19.55	9.10	20.83	+115%	-56%
EBITDA margin	24%	13%	25%	+93%	-49%

2.2. Crop growing segment overview

Results of crop growing segment consist of crop harvest fair value, sales of the previous and current year harvest and agricultural subsidies.

Harvest in the season of 2021/2022

The total cultivated land area by the Group amounted to 38.5 thousand hectares (ha) in the 2021/2022 season and is slightly less than the cultivated area in the 2020/2021 season. In the 2021/2022 season, 30.1 thousand ha is seeded with crops (30.9 thousand in the 2020/2021 season) out of which 11.7 thousand ha is dedicated to wheat, 6.8 thousand ha to legumes and 11.6 thousand ha to other cash crops. The majority – 10.1 thousand ha out of total 11.7 thousand ha – of wheat will be winter wheat as winter crops usually have higher yield potential compared to summer alternatives. Forage crops comprise 7.7 thousand ha in the 2021/2022 season compared to 6.8 thousand ha in the 2020/2021 season.

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Cultivated land area, thousand ha
15,0
11,9 11,7 12,4 11,6
10,4
9,7
9,0
10,0 8,1 8,2 7,7
6,8 6,8
5,0
-
Wheat Legumes Other cash crops Forage Crops
2019/2020 2020/2021 2021/2022
HA'000
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As of 31 December 2022 the Group has fully completed the harvest of 2021/2022. The gain (loss) on revaluation of agricultural produce was calculated for crops (wheat, legumes and other cash crops) that were harvested by the end of the reporting period. Value of forage crops was based on actual costs.

Harvest of 2022/2023

At the end of each quarter the Group evaluates the fair value of crops which have not yet been harvested. The weather conditions during 2022 autumn were favourable for the preparatory work needed for 2022/2023 season. The sowing of winter crops and land tillage work were completed according to schedule. In 2022 there were 17 thous. ha dedicated to winter crops – wheat, rapeseed, clover, barley, rye and vicia – which will be harvested in 2023. This adds up to 52% of land that was sown with wheat, legumes and other cash crops for the 2022/2023 season. For comparison, in 2021/2022 season there was 17.4 thous. ha of winter crops sown. Winter crops are in good condition at the time reporting of financial statements. Based on the Group’s judgement, the mild winter should not have an adverse effect on the upcoming harvest. Favorable

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

(All amounts are in EUR thousand, unless stated otherwise)

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conditions in autumn enabled the Group to complete all the necessary land tillage work and prepare the land for the 2023 spring sowing. The Group is well prepared for the 2022/2023 season and is very optimistic with regards to the potential of the next year’s harvest.

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Winter cash crops area (ha) and share of total area, % 60%
20 000 53% 51% 51% 58% 52%
17 404 16 999
15 000 15 600 15 995 40%
14 500
10 000
19%
20%
5 000
5 500
- 0%
2017/2018 2018/2019 2019/2020 2020/2021 2021/2022 2022/2023
Winter cash crops area, ha Winter cash crops share of total area, %
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As of 31 December 2022 the group has evaluated the gain (loss) on revaluation of agricultural produce for crops that will be harvested in 2023. The calculation was based on the formula given below:

Fair value of the crop = Costs incurred + (Cultivated area in ha * historical average yield as tonnes per ha * forecasted price per tonne – cultivated area in ha * forecasted total cost per ha) * T, where:

Cost incurred is cost actually incurred for a particular crop as of 31 December 2022.
Cultivated area in ha is the area of a particular crop seeded and expected to be harvested.
Historical average yield tonnes per ha.
Forecasted price per tonne. Contracted average sales prices are used for fair value estimation adjusted according to the development in the market.
Forecasted total cost per ha. Average historical cost levels after evaluating the current situation.
T is the portion of time that has already passed from sowing date until the forecasted harvest date expressed as a percentage. As of 31 December 2022, the average completion percentage estimated for next year’s harvest crops was around 34%.

The formula discussed above will be used to estimate fair value of cash crops (winter and summer crops) for coming quarters as well until the actual harvest will be completed. Forecasted parameters used in the fair value estimation will be re-evaluated quarterly and adjusted by taking into consideration the most recent data.

It should be noted that the fair value of forage crop even at its point of harvest is measured at production cost incurred on forage crop. In other words, forage crop production cost is used as a measure of the fair value of that forage crop since there is no active market for forage crops and there is no reliable data to calculate market price of the forage crops. Due to this the net result on revaluation of forage crops is equal to zero.

Table below provides information on land plot of different crops in the seasons 2021/2022, 2020/2021and 2019/2020. Land plot of wheat and legumes remained stable in the season of 2021/2022 compared to previous period and constituted 61% of all cash crops land plot compared to 60% in the previous season.


Harvested land plot by culture group, HA	12-month of 2022	12-month of 2021	12-month of	Variance	Variance
			2020	2022/2021, %	2021/2020, %

Wheat	11,693	10,441	11,896	+12%	-12%
Legumes	6,785	8,056	9,035	-16%	-11%
Othercrops	11,628	12,397	9,664	-6%	+28%

Comparison of wheat, legumes and other cultures average cost per hectare of land is provided in the table below. It is important to note that the analysis of costs in the 3[rd] quarter was performed based on the data available at the time. However, after the 4[th] quarter the group performs a more extensive cost analysis and because of that the final costs have increased.


Cost per 1 ha cultivated land, EUR/ha	12-month of 2022	12-month of 2021	12-month of	Variance	Variance
			2020	2022/2021, %	2021/2020, %

Wheat	1,087	786	818	+38%	-4%
Legumes	892	802	805	+11%	0%
Othercrops	1,237	1085	1 139	+14%	-5%

As seen from the data the average cost of wheat has increased by 38% when compared to the previous year. Cost of wheat has increased in 2022 due to increased land tillage costs and cost of organic fertilizers. While the cost of legumes has increased by 14% when compared to the previous year due to an increase in land tillage costs and seeds.

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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Table below depicts wheat, legume and other crop yields in the current and past two seasons. Wheat yield in 2022 was 3.41 t/ha which is 4% higher than wheat yield in the equivalent period last year. Legumes yield in 2022 increased by 113% compared to previous year from 1.09 t/ha to 2.32 t/ha. Yield of legumes differs significantly over last year due to the heatwave which occurred last summer and caused the decrease of yields. This year the yield of legumes was restored due to favourable weather conditions. However, these conditions were not as favorable to wheat due to the storms with strong winds that occurred in July and flattened part of wheat fields. Nevertheless, the achieved yield of wheat is only slightly better when compared to the 2020/2021 due to the poor yield of summer wheat.


Average yield, t/ha	12-month of 2022	12-month of 2021	12-month of	Variance	Variance
			2020	2022/2021, %	2021/2020, %

Wheat	3.41	3.27	4.11	+4%	-20%
Legumes	2.32	1.09	2.70	+113%	-60%
Othercrops	4.47	5.72	9.72	-22%	+18%

The Group has anticipated a higher yield this year. As can be seen from the table below, actual wheat yield was lower by 18%, while legumes yield was lower by 20% compared to expected yield at the beginning of the harvesting.


Average yield in the season of 2021/2022, t/ha	Forecasted result forthe season of 2021/2022	Actual result forthe season of 2021/2022
			Variance, %


Wheat	4.14	3.41	-18%
Legumes	2.90	2.32	-20%
Othercrops	6.96	4.47	-36%

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Wheat yield in Lithuania, t/ha Legumes yield in Lithuania, t/ha NOTE: The data of LT organic farms for 2022 has not yet been published, the data of conventional farms in the LT is preliminary. Reference: Lithuanian Statistics Department, data of the survey of the activities of Lithuanian agricultural producers included in the Farm Accountancy Data Network (FADN), the Group's data.

Table below depicts comparison of wheat, legumes and other crops prices at which the harvest was evaluated (at fair value) in the seasons of 2021/2022, 2020/2021 ir 2019/2020. It should be noted that at the time of the publication of the financial statements for the four quarters of 2022, significant part of the 2021/2022 season harvest has already been sold or contracted at fixed prices, therefore fair value of the crops was estimated based on average contract prices.


Average price of 1 tonne of crop, eliminating sales costs, EUR/t	12-month of 2022	12-month of 2021	12-month of	Variance	Variance
			2020	2022/2021, %	2021/2020, %

Wheat	403	240	208	+68%	+15%
Legumes	576	347	354	+66%	-2%
Othercrops	248	189	174	+31%	+9%

As can be seen from the data above, the price of 1 tonne of wheat in the season of 2021/2022 increased by 68% compared to previous season. The main causes of the increase are growing prices of raw materials, rising energy costs and uncertainty caused by the geopolitical situation in the world.

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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Table below provide a comparison of gain (loss) per hectare for wheat and legumes.


Gain (loss) on revaluation of agricultural produce at point of harvest, EUR/ha	12-month of 2022	12-month of 2021	12-month of	Variance	Variance
			2020	2022/2021, %	2021/2020, %

Wheat	287	2	35	+14,246%	-94%
Legumes	442	(422)	148	n/a	n/a
Other crops	(130)	(10)	550	-1,201%	n/a

Average gain per 1 hectare from wheat has increased significantly in the season of 2021/2022 compared to the previous season which resulted in losses due to the heatwaves. On the other hand, the weather conditions this year were favourable and allowed the Group to improve its harvest. Increase in costs was compensated with growing prices. The result of legumes was also significantly lower last season when compared to this year. The main causes were bigger yields which more than doubled when compared to last season.

As of 31 December 2022, the Group recognized a EUR 4.84 million gain on the initial recognition of biological assets at fair value. It should be noted that as of 31 December 2021 Group has already recognised a gain of EUR 2.33 million on the initial recognition of biological assets at fair value for the 2021/2022 season’s crops. Group has also calculated a EUR 1.82 million gain on the initial recognition of biological assets at fair value. Therefore, the total gain on revaluation of biological assets at fair value for the year 2022 is EUR 4.33 million.


Crops value, EUR million	12-month of 2022	12-month of 2021	12-month of	Variance	Variance
			2020	2022/2021, %	2021/2020, %

Gain (loss) on revaluation of biological assets at fair value (harvest ofthe2021/2022season)
	2.51	(5.51)	5.67	n/a	n/a

Gain (loss) on revaluation of biological assets at fair value recognized in next period (harvest of 2022/2023 season)
	1.82	2.33	2.02	-22%	+15%

Total gain (loss) on revaluation of biological assets at fair value
	4.33	(3.18)	7.69	n/a	n/a

Crop growing segment sales results

Total revenue generated from sales in the crop growing segment amounted to EUR 27.58 million in 2022, which marks an increase of EUR 4.02 million in revenue compared to 2021.


Crop growing segment results, EUR million	12-month of 2022	12-month of 2021	12-month of	Variance 2022/2021, %	Variance
			2020		2021/2020, %
Sales revenue	27.58	23.56	35.25	+17%	-33%
Cost of sales	(27.56)	(25.15)	(36.12)	+10%	-30%
Inventory write-offs	(1.26)	(4.05)	(1.39)	-69%	+191%
Result of internal transactions	(0.68)	n/a	n/a	n/a	n/a
Result of sales of agricultural produce	(1.92)	(5.64)	(2.26)	-66%	+112%

The crop growing segment’s cost of sales for the 12 months of 2022 amounted to EUR 27.56 million, 10% more compared to last year. In order to assess the results of each segment more precisely, the transactions between segments are executed based on fixed pricing, thus, starting from 2022 such transactions are presented separately and amounted to a EUR 0.68 million loss to the crop growing segment in the I-IV quarters of 2022.

Agricultural subsidies and gross profit of the crop growing segment

Total amount of agricultural subsidies accrued in 12 months of 2022 was EUR 9.89 million which is similar to the subsidies accrued in the same period in 2021. Accrued subsidies amount is based on calculations according to currently applicable requirements of subsidising programmes regulations.

The gross profit of the crop growing segment, encompassing the results of agricultural produce sales, gain (loss) on changes in fair value of biological assets and agricultural subsidies, has improved in 2022 when compared to last year due to the increased gain on revaluation of biological assets at fair value and improving result of sales of agricultural produce.

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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Gross profit of crop growing segment, EUR	12-month of 2022	12-month of 2021	12-month of	Variance 2022/2021, %	Variance
million			2020		2021/2020, %
Gain (loss) on revaluation of biological assets at fair				n/a
	4.33	(3.18)	7.69		n/a
value recognised in reporting period

Result of sales of agricultural produce	(1.92)	(5.64)	(2.26)	-67%	+112%

Subsidies	9.89	9.69	7.45	+2%	+30%

Gross profit	12.30	0.89	12.88	+1 382%	-93%

2.3. Dairy segment overview

The result of the dairy segment in the I-IV quarters of 2022 has improved compared to the same period last year. Rising production prices had the largest effect. Compared to last year the total sales revenue of the dairy segment grew by 21% and reached EUR 16.5 million, while gross profit grew by 202% and reached EUR 2.57 million.

Although the number of milked cows changed slightly throughout the year (3,577 as of December 31, 2021, and 3,457 as of December 31, 2022), the amount of sold production decreased by 2 percent in 2022. The average milk yield, compared to previous years, decreased due to a changed feed ration for cows: due to the poor 2020/2021 season of leguminous crops (protein feed), there was a shortage of feed ingredients, and the quality of feed was affected. With the use of 2021/2022 season crops, the quality of feed and milk yield returned to the level of 2021.

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22,7 22,9 Milk yield per cow per day, kg
23,0 22,5
22,3 22,4
22,0 22,1 21,9 21,8
22,0
21,4 22,0 22,0 22,0 21,2 21,6
21,1 21,5
21,0 21,3 21,2 20,8 20,6 20,7 20,7
20,5 20,3 [20,6]
20,1
19,9 20,0 20,6 20,5
20,0 20,2
19,2
19,0 19,5
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 2021 2022
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In the 12 months of 2022 the average price of milk sold was around EUR 532 per tonne and 28% higher comparing to the same period last year when it was EUR 416 per tonne.

The dairy segment’s cost of sales amounted to EUR 14.91 million during the 12 months of 2022 which is 13% more than in the same period last year.

In 2022, a loss of EUR 2.09 million was incurred due to the revaluation of biological assets (animal herd). In comparison, the loss due to the revaluation of biological assets (animal herd) was 25% higher last year.

In the I-IV quarters of 2022, the Group has recorded a EUR 2.57 million gross profit which marks a threefold increase when compared to the last year.

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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	12-month of 2022	12-month of 2021	12-month of	Variance	Variance
			2020	2022/2021, %	2021/2020, %
Total quantity of products sold, t	26,594	27,053	26,799	-2%	+1%
Milk, t	25,334	25,685	25,384	-1%	+1%
Dairy commodities, t	457	624	714	-27%	-13%
Cattle, t	803	743	700	+8%	+6%
Revenue, EUR million	16.50	13.61	12.95	+21%	+5%
Milk, EUR million	13.48	10.69	10.07	+26%	+6%
Dairy commodities, EUR million	1.71	2.02	2.13	-15%	-5%
Cattle, EUR million	1.31	0.90	0.75	+46%	+20%
Cost of sales, EUR million	14.91	13.15	12.56	+13%	+5%
Milk, EUR million	11.94	10.36	9.75	+15%	+6%
Dairy commodities, EUR million	1.66	1.89	2.07	-12%	-9%
Cattle, EUR million	1.31	0.90	0.75	+46%	+20%
Revaluation of biological assets, EUR million				-25%
	(2.09)	(2.77)	(2.52)		-10%

Subsidies, EUR million	3.07	3.17	2.53	-3%	+25%
Gross profit, EUR million	2.57	0.85	0.40	202%	+113%

2.4. Mushroom segment overview

Sales revenues in the mushroom growing segment amounted to EUR 27.90 million in 2022 which marks a decrease of 2% compared to the same period last year. Segment’s gross profit accounted to a loss of EUR 1.40 million.

The main factor of the negative segment’s result was soaring energy and other costs. The total cost of sales of the mushroom growing segment amounted to EUR 29.30 million in the 12-month period of 2022 and was EUR 1.61 million higher compared to the same period in 2021. Cost of mushrooms mainly has shifted upwards due to growing energy and transportation costs that showed an increase of 65% (EUR 2.30 million) when compared to the corresponding period last year. The average cost of 1 tonne of mushrooms sold increased from 2,294 EUR/tonne to 2,519 EUR/tonne

Sales price was increased in order to compensate the growth of costs. In the 12-month period of 2022, the average non-organic and organic mushrooms sales price per tonne, which was equal to EUR 2,384, has increased only by 3% when compared to the equivalent period in 2021. However, excluding transport and taking into account the difference in the product basket the price of mushrooms, in the 4[th] quarter of 2022 was 16% higher than in the 1[st] quarter of 2022. The ratio of organic mushrooms sold has increased and reached 7.4% during the 4 quarters of 2022. The same ratio last year was equal to 5.7%.

The production volume was not optimal due to savings of energy resources and challenges in production processes. In 2022, 11 thous. tonnes of mushrooms were produced, which is 1% less than in 2021.

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Mushrooms produced, tonnes
3 700
3 097 3 081 2 998
3 200 2 857
2 681 2 743 2 709
2 700 2 487
2 200
1 700
1 200
700
I quarter II quarter III quarter IV quarter
2021 2022
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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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As a result, the gross result of the segment was negative and for the 12-month period of 2022 amounted to a loss of EUR 1.40 million. Nonetheless, since the energy costs have decreased and stabilised, also, the prices of mushrooms were increased, which resulted in a positive outcome in the 4[th] quarter of 2022. The gross profit in the last quarter was EUR 78 thousand. When higher production capacities will be reached the Group expects to improve the result of the segment even further.


	12-month of 2022	12-month of 2021	12-month of	Variance 2022/2021, %	Variance
			2020		2021/2020, %
Sold mushrooms, t	11,552	12,002	12,906	-4%	-7%
Average price (Eur/t)	2,384	2.323	2,199	+3%	+6%
Total revenue, EUR million	27.90	28.36	30.00	-2%	-5%
Mushroom sales revenue, EUR million	27.54	27.89	28.38	-1%	-2%
Compost sales revenue, EUR million	0.36	0.47	1.62	-23%	-71%
Cost of sale, EUR million	(29,30)	(27.69)	(28.25)	+6%	-2%
Cost of mushrooms sold, EUR million	(28.94)	(27.45)	(26.89)	+5%	+2%
Cost of compost sold, EUR million	(0.36)	(0.24)	(1.36)	+50%	-82%
Gross profit, EUR million	(1.40)	0.67	1.75	n/a	-62%

2.5. Fast-moving consumer goods (FMCG) segment

As previously announced, the first half of the year was not very successful for this segment due to various global events. However, the positive breakthrough that occurred in the third quarter carried into the final quarter, with sales returning to target levels and reaching EUR 8.12 million by the end of 2022, up 31% from 2021.

In 2022, the segment's gross profit increased to EUR 1.74 million, up from EUR 1.54 million in 2021.The Group had targeted even better results, but there was a delay in price increases associated with rising production costs and in the launch of new products on the market, which prevented the targets from being achieved in 2022, yet the changes already in progress are bound to have a positive impact on the 2023 results.


FMCG segment results, EUR million	12-month of 2022	12-month of 2021	12-month	Variance 2022/2021, %	Variance
			of 2020		2021/2020, %
Sales revenue	8.12	6.19	4.88	+31%	+27%
Cost of goods sold	(6.38)	(4.66)	(4.13)	+37%	+13%

Gross profit	1.74	1.54	0.75	+13%	+105%

During the 12-month period of 2022 the Group has exported its products to 33 countries compared to 36 countries in the same period in 2021.

Preserved products, especially ready-to-eat organic soups, remain the main product group in the segment.

Revenue structure of the fast moving consumer goods sales, %

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----- Start of picture text -----

Preserved mushrooms, vegetables and soups
Grain products
6%
84% 4% Eggs
2%
4% Packaged vegetables
Other end-consumer products (milk, vegetables, etc.)
----- End of picture text -----

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

(All amounts are in EUR thousand, unless stated otherwise)

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2.6. Operating expenses

The Group's operating costs came to EUR 13.01 million in 2022, compared to EUR 14.36 million a year earlier. The decrease is mainly due to lower provisions for possible credit losses and reversal of value decrease of PP&E.

2.7. Capital expenditures

Total investments (additions) into property, plant and equipment amounted to EUR 9.19 million in the four quarters of 2022 (EUR 10.05 million in the in the four quarters of 2021). The split of investments (additions) into property, plant and equipment is provided in the table below.

Investments (additions) into property, plant and equipment, EUR’000

	Land*	Buildings*	Constructions and machinery	Vehicles, equipment and other	Construction inprogress	Total
2022 I-IVquarters	474	183	3 539	161	4,891	9,248
2021 I-IVquarters	1,182	493	4,397	1 116	2,863	10,051

*excluding additions related with the right-of-use assets.

Even though investments in long-term assets decreased in 2022, but the Group continues to implement planned technological projects. The Group introduced the first biomethane and electricity powered tractor from its first production batch at the beginning of February. Tractors from the first production batch are going to work in the fields in the spring of this year. In early 2023, the first biomethane infrastructure projects will be completed and biomethane production will begin. Two more biomethane power plants are going to be launched by the third quarter of this year. The development and testing of specialized feed technology also continues.

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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III. FINANCIAL STATEMENTS

Consolidated balance sheet

ASSETS Notes Non-current assets Property, plant and equipment 4 Right-of-use assets 4 Intangible assets Long term receivables at amortized cost 7 Investments accounted for using equity method Deferred tax asset Biological assets 5 Total non-current assets Current assets Biological assets 5 Inventory 6 Trade receivables advance payments and other receivables 7 Cash and cash equivalents Assets held for sale Total current assets TOTAL ASSETS EQUITY AND LIABILITIES Capital and reserves Share capital 2 Share premium 2 Revaluation reserve 2 Legal reserve 2 Reserve for share-based payments to employees 2 Retained earnings Equity attributable to equity holders of the parent Non-controlling interest Total equity Non-current liabilities Borrowings 8 Lease liabilities 9 Deferred grant income Deferred tax liability Total non-current liabilities Current liabilities Current portion of non-current borrowings 8 Current portion of non-current lease liabilities 9 Current borrowings 8 Trade payables Other payables and current liabilities Total current liabilities Total liabilities TOTAL EQUITY AND LIABILITIES	31 December 2022 unaudited 101,766 38,086 3,597 453 57 2,898 10,515 157 372 19,741 35,568 12,134 3,337 70,780 336 71,116 228,488 66,618 6,707 11,713 2,041 2,829 (12,035) 77,873 436 78,309 48,838 35,026 4,463 1,892 90,219 4,511 7,616 16,450 25,349 6,034 59,960 150,179 228,488	31 December 2021 audited
		99,883 39,374 3,485 449 57 2,089 9 993
		155,330 19,398 24,096 10,894 2,446
		56,834 315
		57,149
		212,479
		65,951 6,707 10,250 2,041 3,002 (9,329)
		78,622 358
		78,980 46,115 37,641 3,105 1,553
		88,414 5,767 7,878 5,583 19,482 6,375
		45,085 133,499
		212,479

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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Consolidated statement of profit or loss and statement of other comprehensive income

Notes Revenues 10 Cost of sales 10 Gain (loss) on initial recognition of a biological asset at fair value and from a change in fair value of a biological asset 5, 10 GROSS PROFIT Operating expenses 11 Other income 12 Other gains/(losses) 13 OPERATING PROFIT Finance costs 14 PROFIT (LOSS) BEFORE INCOME TAX Income tax expense NET PROFIT / (LOSS) FOR THE PERIOD ATTRIBUTABLE TO: Shareholders of the Company Non-controlling interest STATEMENT OF OTHER COMPREHENSIVE INCOME NET PROFIT/ (LOSS) FOR THE PERIOD Revaluation of land, gross of tax Deferred tax liability from revaluation TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD ATTRIBUTABLE TO: Equity holders of the Company Non-controlling interest	12-month period ending 31 December	12-month period ending 31 December
	2022 unaudited 80,088 (67,126) 2,242 15,204 (13,014) 667 297 3,154 (6,154) (3,000) 278 (2,722) (2,792) 70 (2,722) (2,722) 1,867 (405) (1,259) (1,329) 70	2021 audited
		71,721 (61,841) (5,928)
		3,952 (14,361) 702 (112)
		(9,819) (6,459)
		(16,278)
		843
		(15,435)
		(15,427) (8)
		(15,435) (15,435) 1,221 (183)
		(14,397)
		(14,389) (8)

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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Consolidated statement of changes in equity

Balance as of 31 December 2020 (audited) *Comprehensive income* Net profit (loss) for the period *Other comprehensive income* Revaluation of land, net of tax *Total comprehensive income* Share-based payments Transfer to legal reserve Transfer to reserve to provide shares for employees Balance as of 31 December 2021 (audited) *Comprehensive income* Net profit (loss) for the period *Other comprehensive income* Revaluation of land (net of tax) *Total comprehensive income* Share-based payments Transfer to legal reserve Transfer to reserve to provide shares for employees Balance as of 30 September 2022 (unaudited)	Share capital Revaluation reserve Legal reserve Retained earnings Equity attributable to the shareholders of the company Non- controlling interest Total Share premium Reserve to provide shares for employees
	65,951 6,707 9,213 2,509 1,834 6,237 92,450 366 92,816
	- - - - - (15,427) (15,427) (8) (15,435) - - 1,038 - - - 1,038 - 1,038
	- - *1,038* - - *(15,427)* *(14,389)* *(8)* *(14,397)*
	- - - - - 562 562 - 562 - - - - 207 (207) - - - - - - 493 - (493) - - -
	65,951 6,707 10,251 3,002 2,041 (9,328) 78,623 358 78,980
	- - - - - (2,792) (2,792) 70 (2,722) - - 1,462 - - - 1,462 - 1,462
	- - *1,462* - - *(2,792)* *(1,330)* 70 *(1,260)*
	- - - - - 589 589 - 589 - - - - - - - - - 666 - - (173) - (493) - - -
	66,617 6,707 11,713 2,829 2,041 (12,024) 77,882 428 78,309

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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Consolidated statement of cash flows

Notes Cash flows from /(to) operating activities Net profit (loss) before income tax and non-controlling interest *Adjustments for non-cash expenses (income) items and other* *adjustments* Depreciation expenses (PP&E) 4 Depreciation expenses (ROUassets) 4 Amortization expenses Share-based payments to employees expenses 11 Write-offs and impairments of PP&E (Gain) loss on sales of non-current assets 13 Provisions for possible credit loss 11 Write-offs of bad debts 11 Write-offs of inventory and biological assets Interest and fines income 12 Finance cost 14 Finance costs related to ROU assets 14 Loss (gain) on changes in fair value of biological assets 10 Grants related to assets, recognized as income Revaluation to net realizable value of agricultural produce Changes in working capital (Increase) decrease in biological assets (Increase) decrease in trade receivables and prepayments (Increase) decrease in inventory (Decrease) increase in trade and other payables Interest paid, netto Net cash flows from /(to) operating activities Cash flows from /(to) investing activities Purchase of property, plant and equipment Purchase of non-current intangible assets Purchase of investments Proceeds from sale of PP&E Grants related to assets, received from NPA Other loans repaid Other loans granted Net cash flows from/(to) investing activities Cash flows from /(to) financing activities Bonds Repayment of bank borrowings Proceeds from borrowings Repayment of other borrowings Lease payments Net cash flows from/(to) financing activities Net (decrease) / increase in cash and cash equivalents Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period*	12-month period ending 31 December	12-month period ending 31 December
	2022 unaudited (3,000) 7,765 6,911 16 589 (569) (297) 282 141 2,390 (209) 4,815 11 339 (2,242) (473) (152) 1 034 (1,663) (14,432)) 2,562 (4,807) (3,457) 1,349 (9,178) (118) 205 1,831 - - (7,260) 6,000 (3 270) 9 307 - (5 236) 6,801 2,446 891 3,337	2021 audited

		(16,278) 7,811 6,482 10 562 68 72 2,557 - 4,756 (349) 3,892 2,567 5,928 (523) 287 (9,347) 2,616 1,296 4,386
		16,793 (5,863)
		10,930
		(7,015) (20) (2) 194 380 574 -
		(5,887)
		- (13,948) 18,789 (753) (9,226)
		(5,138)
		(95) 2,541 2,446



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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

(All amounts are in EUR thousand, unless stated otherwise)

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IV. EXPLANATORY NOTES

1. Basis of the preparation

The accompanying interim financial information for the 12-month period ending 31 December 2022, has been prepared in accordance with IAS 34, ‘Interim financial reporting’. This financial information should be read in conjunction with the annual financial statements for the year ending 31 December 2021 which have been prepared in accordance with IFRS as adopted by the EU.

The presentation currency is euro (EUR). The financial statements are presented in thousands of euro, unless indicated otherwise. Financial statements for the 9-month period ending 31 December 2022 are not audited. Financial statements for the year ending 31 December 2021 are audited by the external auditor UAB PriceWaterhouseCoopers.

Critical accounting estimates and assumptions

The preparation of financial information in conformity with IAS 34 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial information, are disclosed below. Critical accounting estimates remain the same as disclosed in the audited annual financial statements for period ending 31 December 2021.

IFRS 16, Leases

Based on IFRS 16, the Group recognised lease liabilities in relation to leases which had previously been classified as ‘operating leases’ under the principles of IAS 17 Leases. These liabilities were measured at the present value of the remaining lease payments, discounted using the lessee’s incremental borrowing rate as of 1 January 2019. The weighted average lessee’s incremental borrowing rate applied to the lease liabilities as of 31 December 2021 was 6%. The incremental borrowing remained unchanged in 2022.

In applying IFRS 16, the Group has used the following practical expedients permitted by the standard:

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the use of a single discount rate to a portfolio of leases with reasonably similar characteristics;

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reliance on previous assessments on whether leases are onerous;

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the accounting for operating leases with a remaining lease term of less than 12 months as short-term leases (which were recognized as expense on a straight-line basis);

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the exclusion of initial direct costs for the measurement of the right-of-use asset at the date of initial application;

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the use of hindsight in determining the lease term where the contract contains options to extend or terminate the lease.

Revaluation of biological assets (crops)

The Group estimates the total fair value of crops using following formula and assumptions:

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Cost incurred is cost actually incurred for particular crop during the season till the reporting date.
Cultivated area in ha is an area of particular crop seeded and expected to be harvested.
Historical average yield tonnes per ha.
Forecasted price per tonne. Contracted average sales prices are used for fair value estimation adjusted according to the development in the market.
Forecasted total cost per ha. Average historical cost levels after evaluating the current situation.
T is a time portion, spanning from the sowing date to the forecasted harvest date.

Revaluation of biological assets (livestock)

Fair value of milking cows is valued by using the discounted cash flow method. The model uses projected revenues from milk sales over the remaining useful life of each animal using a forecasted milk price. Milk price forecast is the average milk price assumption of the following 4 years was. Current cow herd has an estimated working life of 1 to 4 years. At the end of the working period the cow is estimated to be sold for meat. The forecasted revenues are reduced with costs directly related to herd growing (feeds, medicines, employee salaries and other). The free cash-flow is discounted with post tax WACC.

For valuation of other livestock the Group calculates the fair value by taking the average price of meat per kilo. For young bulls and heifers, the value of livestock is determined by using the market values of meat (different for different groups of animals) and multiplying the price of 1 kg by the total weight of specific group of animals.

Share-based payments

Total cumulative expenses of share-based payments are calculated based on the formula described below. The expenses are accrued in the profit (loss) statement and equity based on the days lapsed since the grant date till the reporting date. Each year the entity will revise the expense to reflect the best available estimate of the number of equity instruments expected to vest.

The total expenses of share-based payments are calculated based on the formula:

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

(All amounts are in EUR thousand, unless stated otherwise)

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Share price @ grant date x Granted shares x (1-annual staff turnover)^(vesting period)

Where:

The share price of options is based on the closing price at grant date at which the company’s shares are traded on the Nasdaq Stock Exchange.

The grant date of the Option is set to be the date of the share-based payment agreement between the Company and the receiver as all the terms and conditions are set in this agreement and there are no other arrangements which would need to be confirmed at a later date.

Granted shares – shares to be granted to employee based on the Option agreement.

Staff turnover – chance that the option will be exercised is adjusted by the forecasted staff turnover percent during the vesting period. The ratio is calculated based on historical staff turnover data of 2 years. The historical staff turnover data includes turnover only of the positions which are set to receive the share-based payments. The turnover of other positions is excluded from the ratio.

There are option agreements which are signed with a special condition – that the receivers do not need to fulfil the service condition, but they will still need to wait 3 years vesting period before being able to exercise the option. Due to this staff turnover adjustment is excluded in the calculation of the expenses of these options as it does not affect their chances to receive the option.

Vesting period is set in the Option agreement and is equal to 3 years.

2. Share capital and reserves

Share capital and share premium of the Company

The share capital of AUGA group AB as of 31 December 2022 was EUR 66,617 thousand (31 December 2021: EUR 65,951 thousand). The share capital is divided into 229,714,102 ordinary shares (31 December 2021: 227,416,252 ordinary shares). Each issued share has a EUR 0.29 nominal value and fully paid. Each share had usual material and intangible rights as per Law on Companies of the Republic of Lithuania and the Company’s statutes. Share premium at the end of 30 September 2022 amounted to EUR 6,707 thousand (31 December 2021: EUR 6,707 thousand).

Shareholders

Total number of shareholders on 31 December 2022 was 2,974 and on 31 December 2021 it was 2,528.

The shareholders owning more than 5% of shares in the Company are the following:

Entity / person	31 December 2022 Number of shares % owned	31 December 2022 Number of shares % owned	31 December 2021	31 December 2021
	Number of shares		Number of shares	% owned
Baltic Champs Group UAB(identification code: 145798333; address: Poviliškiai v., Šiauliai region mun., Lithuania) European Bank for Reconstruction and Development(identification code: EBRDGB2LXXXX; address: One Exchange Square, London EC2A 2JN, UK) Žilvinas Marcinkevičius Other shareholders Total	126,686,760 19,810,636 15,919,138 67,297,568 229,714,102	55.15 8.62 6.93 29.30 100.00	126,686,760 19,810,636 15,919,138 64,999,718 227,416,252	55.71 8.71 7.00 28.58
				100.00

No shareholder has special voting rights.

Information on the shares of the Company held by the members of the Board and the top executives as of 31 December 2022:

Name, Surname	Position	Owned shares in the Company, units	Owned shares in the Company, %
Kęstutis Juščius*	CEO	1,392	0.0006%
Tomas Krakauskas	Member of the Board	119,000	0.052%
Mindaugas Ambrasas	CFO	6,881	0.003%

Kęstutis Juščius, CEO, is the ultimate owner of Baltic Champs Group UAB, controlling 55.15% of the Company’s shares.

Reserves of the Company

A legal reserve is a compulsory reserve under Lithuanian legislation. Annual transfer of at least 5% of net profit, calculated in accordance with Lithuanian regulatory legislation on accounting, is compulsory until the reserve including share premium reaches 10% of the share capital. The legal reserve can be used to cover the accumulated losses. The legal reserve of the Company equalled to EUR 2,041 thousand as of 31 December 2022 (31 December 2021: EUR 2,041 thousand).

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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Revaluation reserve comprises revaluation of land portfolio owned by the Group. Land portfolio valuation is performed by independent valuator. The valuation for reporting period was performed in 2022. Revaluation reserve as of 31 December 2022 amounted to EUR 11,713 thousand (31 December 2021: EUR 10,250 thousand).

In 2018 the Company formed a reserve to grant shares for employees. Transfers to this reserve is performed annually when the board approves issue of additional shares options. Reserve to grant shares for employees as of 31 December 2022 amounted to EUR 2,829 thousand (31 December 2021: EUR 3,002 thousand).

Employee Option Plan was approved by shareholders at the annual general shareholders’ meeting on 30 April 2019. The service condition for the Option receiver is to complete a 3-year term of service to the Group. After the condition is met employee is eligible to exercise the option.

Reserve to grant shares for employees Total reserve as of 31 December 2020 Shares allocated to employees based on option agreements Unallocated shares Total reserve as of 31 December 2021 Shares allocated to employees based on option agreements Unallocated shares Total reserve as of 31 December 2022	Number of shares, units 8,651,724 7,167,391 3,184,333 10,351,724 6,259,716 3,494,158 9,753,874	Value, EUR thousand
		2,509
		2,079 923
		3,002
		1,816 1,013
		2,829

3. The structure of the Group

As of 31 December 2022, the Group consisted of the Company and 139 subsidiaries (31 December 2021: 127). Detailed list of all subsidiaries in 2022 and 2021 is provided below.

No.	Name of subsidiary	Legal form	Legal entity code	Registered office	Profile	Group ownership interest, %	Group ownership interest, %
						31/12/22	31/12/21
1. Baltic Champs UAB 4 302942064 Šiaulių region, Poviliškių v., 15 A 2. AVG Investment UAB 4 300087691 Vilniaus mun., Vilnius, Konstitucijos av. 21C G 3. AWG Investment 1 UAB 4 301745765 Vilniaus mun., Vilnius, Konstitucijos av. 21C G 4. AWG Investment 2 UAB 4 301807590 Vilniaus mun., Vilnius, Konstitucijos av. 21C G 5. Agross UAB 4 301807601 Vilniaus mun., Vilnius, Konstitucijos av. 21C H 6. Grain Lt UAB 4 302489354 Vilniaus mun., Vilnius, Konstitucijos av. 21C H 7. AgroGis UAB 4 302583978 Vilniaus mun., Vilnius, Konstitucijos av. 21C D 8. Agro Management Team UAB 4 302599498 Jonavos region, Bukonių v., Lankesos st. 2 E 9. Agrotechnikos centras UAB 4 302589187 Jonavos region, Bukonių v., Lankesos st. 2 F 10. AUGA trade UAB 4 302753875 Jonavos region, Bukonių v., Lankesos st. 2 H 11. Agricultural entity Žemės fondas 1 300558595 Vilniaus mun., Vilnius, Konstitucijos av. 21C E 12. Žemės vystymo fondas 6 UAB 4 300589719 Vilniaus mun., Vilnius, Smolensko st. 10 E 13. Žemės vystymo fondas 9 UAB 4 300547638 Jonavos region, Bukonių v., Lankesos st. 2 E 14. Žemės vystymo fondas 10 UAB 4 301522723 Jonavos region, Bukonių v., Lankesos st. 2 E 15. Žemės vystymo fondas 20 UAB 4 300887726 Jonavos region, Bukonių v., Lankesos st. 2 B 16. AUGA Grūduva UAB 4 174401546 Šakių region, Gotlybiškių v., A 17. Agricultural entity AUGA Spindulys 1 171330414 Radviliškio region, Vaitiekūnų v., Spindulio st. 13 A 18. Agricultural entity AUGA Smilgiai 1 168548972 Panevėžio region, Smilgių mstl. Panevėžio st. 23-1 A 19. Agricultural entity AUGA Skėmiai 1 171306071 Radviliškio region, Skėmių v., Kėdainių st. 36 A 20. Agricultural entity AUGA Nausodė 1 154179675 Anykščių region, Kirmėlių v., A 21. Agricultural entity AUGA Dumšiškės 1 172276179 Raseinių region, Paraseinio v., A 22. Agricultural entity AUGA Žadžiūnai 1 175706853 Šiaulių region, Žadžiūnų v., Gudelių st. 30-2 A 23. Agricultural entity AUGA Mantviliškis 1 161274230 Kėdainių region, Mantviliškio v., A 24. Agricultural entity AUGA Alanta 1 167527719 Molėtų region, Kazlų v., Skiemonių st. 2A A						100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 97,41% 95,00% 95,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 98,98% 98,97% 99,99% 99,99% 99,98% 100,00% 100,00% 99,97% 99,94% 99,93% 99,38% 99,88% 99,81% 99,81% 99,94% 99,94% 99,99% 99,99%

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022 (All amounts are in EUR thousand, unless stated otherwise)

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No.	Name of subsidiary	Legal form	Legal entity code	Registered office	Profile	Group ownership interest, %	Group ownership interest, %
						31/12/22	31/12/21
25. Agricultural entity AUGA Eimučiai 1 175705032 Šiaulių region, Žadžiūnų v., Gudelių st. 30-2 A 26. Agricultural entity AUGA Vėriškės 1 171305165 Radviliškio region, Vėriškių v., A 27. Agricultural entity AUGA Želsvelė 1 165666499 Marijampolės mun., Želsvos v., A 28. Agricultural entity AUGA Lankesa 1 156913032 Jonavos region, Bukonių v., A 29. Agricultural entity AUGA Kairėnai 1 171327432 Radviliškio region, Kairėnų v., A 30. Agricultural entity AUGA Jurbarkai 1 158174818 Jurbarko region, Klišių v., Vytauto Didžiojo st. 99 A 31. Agricultural entity AUGA Gustoniai 1 168565021 Panevėžio region, Gustonių v., M. Kriaučiūno st. 15 A 32. Cooperative entity Siesarčio ūkis 3 302501098 Šakių region, Gotlybiškių v., Mokyklos st. 18 A 33. Cooperative entity Kašėta 3 302501251 Jonavos region, Bukonių v., Lankesos st. 2 A 34. Agricultural entity Gustonys 1 302520102 Panevėžio region, Gustonių v., M. Kriaučiūno st. 15 E 35. Agricultural entity Skėmių pienininkystės centras 1 302737554 Radviliškio region, Skėmių v., Alyvų st. 1 A 36. Cooperative entity Agrobokštai 3 302485217 Vilniaus mun., Vilnius, Konstitucijos av. 21C A 37. Cooperative entity Dotnuvėlės valdos 3 302618614 Šiaulių region, Žadžiūnų v., Gudelių st. 30-2 A 38. Cooperative entity Nevėžio lankos 3 302618596 Kėdainių region, Mantviliškio v., Liepos 6- osios st. 60 A 39. Cooperative entity Radviliškio kraštas 3 302618742 Radviliškio region, Skėmių v., Kėdainių st. 13 A 40. Cooperative entity Šventosios pievos 3 302618201 Raseinių region, Kalnujų mstl. Žieveliškės st. 1 A 41. Cooperative entity Kairių ūkis 3 302615194 Panevėžio region, Gustonių v., M. Kriaučiūno st. 15 A 42. Cooperative entity Šiaurinė valda 3 302615187 Šiaulių region, Poviliškių v., 15 A 43. Cooperative entity Šušvės žemė 3 302618767 Kelmės region, Pašiaušės v., Vilties st. 2 A 44. Cooperative entity Žalmargėlis 3 303145954 Vilniaus mun., Vilnius, Smolensko st. 10-100 A 45. Cooperative entity Juodmargėlis 3 303159014 Raseinių region, Kalnujų mstl. Žieveliškės st. 1 A 46. Cooperative entity Agromilk 3 302332698 Raseinių region, Kalnujų mstl. Žieveliškės st. 1 A 47. Cooperative entity Purpurėja 3 302542337 Širvintų region, Širvintų v., Zosinos st. 7 A 48. Bukonių ekologinis ūkis UAB 4 302846621 Vilniaus mun., Vilnius, Konstitucijos av. 21C A 49. Agrosaulė 8 UAB 4 302846105 Vilniaus mun., Vilnius, Smolensko st. 10-100 G 50. Pasvalys distr., Pušalotas reclamation infrastructure users association 2 302465563 Pasvalio region, Diliauskų v., Diliauskų st. 23 A 51. Skėmiai reclamation infrastructure users association 2 303170256 Šiaulių region, Žadžiūnų v., Gudelių st. 30-2 A 52. Vaitiekūnai reclamation infrastructure users association 2 303170306 Šiaulių region, Žadžiūnų v., Gudelių st. 30-2 A 53. Association Grūduvos melioracija 2 302567116 Šakių region, Gotlybiškių v., Mokyklos st. 2 A 54. Pauliai reclamation infrastructure users association 2 303169909 Raseinių region, Gėluvos v., Dvaro st. 30 A 55. Nausode reclamation infrastructure users association 2 304219592 Vilniaus mun., Vilnius, Konstitucijos av. 21C A 56. AUGA Community UAB 4 302820808 Jonavos region, Bukonių v., Lankesos st. 2 A 57. AUGA Tech UAB 4 302820797 Jonavos region, Bukonių v., Lankesos st. 2 A 58. Arnega UAB 4 302661957 Jonavos region, Bukonių v., Lankesos st. 2 A 59. AgroSchool OU 6 12491954 Harju maakond, Tallinn, Kesklinna linnaosa, Lai tn 32-8, 10133 G 60. Public institution AgroSchool 5 303104797 Vilniaus mun., Vilnius, Smolensko st. 10-100 C 61. AUGA Ramučiai UAB 4 302854479 Akmenės region, Ramučių v., Klevų st. 11 A 62. AUGA Luganta UAB 4 300045023 Kelmės region, Pašiaušės v., A 63. eTime invest UAB 4 300578676 Vilniaus mun., Vilnius, Saltoniškių st. 29 G 64. ŽVF Projektai UAB 4 300137062 Jonavos region, Bukonių v., Lankesos st. 2 E 65. Agricultural entity Alantos ekologinis ūkis 1 303324747 Molėtų region, Kazlų v., Skiemonių st. 2A A 66. Agricultural entity Dumšiškių ekologinis ūkis 1 303324722 Raseinių region, Paraseinio v., Paraseinio st. 2 A 67. Agricultural entity Eimučių ekologinis ūkis 1 303324715 Šiaulių region, Žadžiūnų v., Gudelių st. 30-2 *A						99,24% 99,24% 99,93% 99,93% 99,86% 99,86% 99,59% 96,91% 98,47% 98,47% 98,47% 98,46% 100,00% 100,00% 99,93% 99,44% 99,93% 99,44% 100,00% 100,00% - 48,67% 99,64% 97,94% 99,92% 99,22% 99,61% 96,51% 99,67% 98,67% 99,26% 96,36% 99,70% 98,68% 99,30% 96,15% 99,64% 98,43% 99,53% 98,32% 99,81% 99,35% 99,34% 96,28% 99,93% 99,53% 100,00% 100,00% 100,00% 100,00% - 48,67% 49,62% 48,67% 49,62% 48,67% 66,33% 65,81% - 100,00% 71,42% 70,74% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 50,00% 50,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 52,62% 52,62% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00%

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022 (All amounts are in EUR thousand, unless stated otherwise)

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No.	Name of subsidiary	Legal form	Legal entity code	Registered office	Profile	Group ownership interest, %	Group ownership interest, %
						31/12/22	31/12/21
68. Agricultural entity Grūduvos ekologinis ūkis 1 303324804 Šakių region, Gotlybiškių v., Mokyklos st. 2 A 69. Agricultural entity Jurbarkų ekologinis ūkis 1 303325361 Jurbarko region, Klišių v., Vytauto Didžiojo st. 99 A 70. Agricultural entity Kairėnų ekologinis ūkis 1 303325774 Radviliškio region, Vaitiekūnų v., Spindulio st. 13-2 A 71. Agricultural entity Lankesos ekologinis ūkis 1 303325710 Jonavos region, Bukonių v., Lankesos st. 2 A 72. Agricultural entity Mantviliškio ekologinis ūkis 1 303325703 Kėdainių region, Mantviliškio v., Liepos 6- osios st. 60 A 73. Agricultural entity Nausodės ekologinis ūkis 1 303325781 Anykščių region, Nausodės v., Nausodės st. 55 A 74. Agricultural entity Skėmių ekologinis ūkis 1 303325692 Radviliškio region, Skėmių v., Kėdainių st. 13 A 75. Agricultural entity Smilgių ekologinis ūkis 1 303325824 Panevėžio region, Smilgiai, Panevėžio st. 23- 1 A 76. Agricultural entity Spindulio ekologinis ūkis 1 303325817 Radviliškio region, Vaitiekūnų v., Spindulio st. 13-2 A 77. Agricultural entity Vėriškių ekologinis ūkis 1 303325849 Radviliškio region, Skėmių v., Kėdainių st. 13 A 78. Agricultural entity Žadžiūnų ekologinis ūkis 1 303325870 Šiaulių region, Žadžiūnų v., Gudelių st. 30-2 A 79. Agricultural entity Želsvelės ekologinis ūkis 1 303325856 Marijampolės mun., Želsvos v., Želsvelės st. 1 A 80. Prestviigi OU 6 12654600 Harju maakond, Tallinn, Kesklinna linnaosa, Lai tn 32-8, 10133 G 81. Cooperative entity Ganiklis 3 303429417 Radviliškio region, Skėmių v., Alyvų st. 1-3 A 82. Cooperative entity Ganiavos gėrybės 3 303429431 Radviliškio region, Skėmių v., Alyvų st. 1-3 A 83. Cooperative entity Žemėpačio pieno ūkis 3 303432388 Raseinių region, Ariogalos sen. Gėluvos v., Dvaro st. 30 A 84. Cooperative entity Žemynos pienelis 3 303427989 Raseinių region, Ariogalos sen. Gėluvos v., Dvaro st. 30 A 85. Cooperative entity Lygiadienio ūkis 3 303428087 Radviliškio region, Skėmių v., Alyvų st. 1-3 A 86. Cooperative entity Laumės pieno ūkis 3 303427996 Raseinių region, Ariogalos sen. Gėluvos v., Dvaro st. 30 A 87. Cooperative entity Medeinos pienas 3 303428112 Raseinių region, Ariogalos sen. Gėluvos v., Dvaro st. 30 A 88. Cooperative entity Gardaitis 3 303429381 Radviliškio region, Skėmių v., Alyvų st. 1-3 A 89. Cooperative entity Dimstipatis 3 303429424 Mažeikių aplinkl. 9, Naikių v., Mažeikių apylinkės sen., Mažeikių region, A 90. Cooperative entity Aušlavis 3 303429456 Radviliškio region, Skėmių v., Alyvų st. 1-3 A 91. Cooperative entity Austėjos pieno ūkis 3 303428094 Mažeikių aplinkl. 9, Naikių v., Mažeikių apylinkės sen., Mažeikių region, A 92. Cooperative entity Aitvaro ūkis 3 303429374 Radviliškio region, Skėmių v., Alyvų st. 1-3 A 93. Cooperative entity Giraičio pieno ūkis 3 303429399 Mažeikių aplinkl. 9, Naikių v., Mažeikių apylinkės sen., Mažeikių region, A 94. Fentus 10 GmbH 6 HRB106477 StraBe des 17 Juni 10b 10623 Berlin, Germany G 95. Norus 26 AG 6 HRB109356B StraBe des 17 Juni 10b 10623 Berlin, Germany G 96. LT Holding AG 6 HRB109265B StraBe des 17 Juni 10b 10623 Berlin, Germany G 97. KTG Agrar UAB 4 300127919 Vilniaus mun., Vilnius, Konstitucijos av. 21C A 98. Agrar Raseiniai UAB 4 300610316 Raseinių region, Ariogalos sen. Gėluvos v., Dvaro st. 30 A 99. AUGA Mažeikiai UAB 4 300610348 Mažeikių av. 9, Naikių v., Mažeikių region, A 100. PAE Agrar UAB 4 300867691 Raseinių region, Gėluvos v., Dvaro st. 30 A 101. Delta Agrar UAB 4 300868875 Raseinių region, Gėluvos v., Dvaro st. 30 A 102. KTG Grūdai UAB 4 302637486 Raseinių region, Gėluvos v., Dvaro st. 30 A 103. KTG Eko Agrar UAB 4 300510650 Raseinių region, Gėluvos v., Dvaro st. 30 A 104. Agronita UAB 4 300132574 Raseinių region, Gėluvos v., Dvaro st. 30 A 105. Agronuoma UAB 4 303204954 Raseinių region, Gėluvos v., Dvaro st. 30 A 106. VL Investment Vilnius 12 UAB 4 303205611 Raseinių region, Gėluvos v., Dvaro st. 30 A 107. Agrar Ašva UAB 4 301608542 Raseinių region, Gėluvos v., Dvaro st. 30 A 108. Agrar Varduva UAB 4 301608791 Raseinių region, Gėluvos v., Dvaro st. 30 A 109. Agrar Seda UAB 4 301608777 Raseinių region, Gėluvos v., Dvaro st. 30 A 110. Agrar Kvistė UAB 4 302308067 Raseinių region, Gėluvos v., Dvaro st. 30 *A						100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 99,46% 98,09% 99,46% 98,09% 99,46% 98,09% 99,46% 98,09% 99,46% 98,09% 99,46% 98,09% 99,46% 98,09% 99,46% 98,09% 99,46% 98,09% 99,46% 98,09% 99,46% 98,09% 99,46% 98,09% 99,46% 98,09% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00%

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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No.	Name of subsidiary	Legal form	Legal entity code	Registered office	Profile	Group ownership interest, %	Group ownership interest, %
						31/12/22	31/12/21
111. Agrar Luoba UAB 4 302308035 Raseinių region, Gėluvos v., Dvaro st. 30 A 112. Agrar Gaja UAB 4 302594412 Raseinių region, Gėluvos v., Dvaro st. 30 A 113. Agrar Ariogala UAB 4 301626540 Raseinių region, Gėluvos v., Dvaro st. 30 A 114. Agrar Girdžiai UAB 4 301621568 Raseinių region, Gėluvos v., Dvaro st. 30 A 115. Agrar Vidauja UAB 4 301622531 Raseinių region, Gėluvos v., Dvaro st. 30 A 116. Agrar Raudonė UAB 4 302309532 Raseinių region, Gėluvos v., Dvaro st. 30 A 117. Agrar Venta UAB 4 302307855 Raseinių region, Gėluvos v., Dvaro st. 30 A 118. Agrar Nerys UAB 4 302594063 Raseinių region, Gėluvos v., Dvaro st. 30 A 119. Agrar Gėluva UAB 4 302312133 Raseinių region, Gėluvos v., Dvaro st. 30 A 120. Agrar Betygala UAB 4 302312222 Raseinių region, Gėluvos v., Dvaro st. 30 A 121. Agrar Dubysa UAB 4 302312215 Raseinių region, Gėluvos v., Dvaro st. 30 A 122. Agrar Pauliai UAB 4 302312165 Raseinių region, Gėluvos v., Dvaro st. 30 A 123. Agrar Mituva UAB 4 302312172 Raseinių region, Gėluvos v., Dvaro st. 30 A 124. AUGA Raseiniai UAB 4 304704364 Raseinių region, Kalnujai, Žieveliškės st. 1 A 125. Tėvynės žemelė UAB 4 303301428 Antano Tumėno st. 4, Vilniaus mun., Vilnius G 126. Tėviškės žemelė UAB 4 303207199 Antano Tumėno st. 4, Vilniaus mun., Vilnius E 127. Cooperative entity Grybai LT 3 302765404 Žibalų st. 37, Širvintos I 128. Agrarinis fondas UAB 4 306176225 Jonavos region, Bukonių sen., Bukonių v., Lankesos st. 2 G 129. Elksnis UAB 4 306176271 Jonavos region, Bukonių sen., Bukonių v., Lankesos st. 2 G 130. Antakys UAB 4 306176175 Jonavos region, Bukonių sen., Bukonių v., Lankesos st. 2 G 131. Audenė UAB 4 306176289 Jonavos region, Bukonių sen., Bukonių v., Lankesos st. 2 G 132. Erdva UAB 4 306176232 Jonavos region, Bukonių sen., Bukonių v., Lankesos st. 2 G 133. Adyna UAB 4 306176307 Jonavos region, Bukonių sen., Bukonių v., Lankesos st. 2 G 134. Šiaurinis fondas UAB 4 306176168 Jonavos region, Bukonių sen., Bukonių v., Lankesos st. 2 G 135. Mildažis UAB 4 306176403 Jonavos region, Bukonių sen., Bukonių v., Lankesos st. 2 G 136. Urtum UAB 4 306176385 Jonavos region, Bukonių sen., Bukonių v., Lankesos st. 2 G 137. Šiaurės rytų fondas UAB 4 306178226 Jonavos region, Bukonių sen., Bukonių v., Lankesos st. 2 G 138. Vidurio fondas UAB 4 306178272 Jonavos region, Bukonių sen., Bukonių v., Lankesos st. 2 G 139. Idėjų ūkis UAB 4 306178258 Jonavos region, Bukonių sen., Bukonių v., Lankesos st. 2 G 140. Rudagėlė UAB 4 306177971 Jonavos region, Bukonių sen., Bukonių v., Lankesos st. 2 G 141. Lagūnas UAB 4 306177964 Jonavos region, Bukonių sen., Bukonių v., Lankesos st. 2 G 142. AUGA SOFA UAB 4 306199583 Vilniaus mun., Vilnius, Konstitucijos av. 21C **G						100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 100,00% 98,98% 100,00% 98,98% 100,00% 100,00% 100,00% 100,00% - 99,86% - 99,73% - 99,94% - 99,93% - 99,81% - 99,57% - 100,00% - 98,47% - 99,89% - 99,98% - 99,23% - 98,98% - 99,99% - 100,00% -

COMMENTS:

1 Agricultural entity A Agricultural operations *G Management of subsidiaries

2 Association B Cash pool of the group *H Trade and logistics

3 Cooperative entity C Human resource management *I Food processing
4 Private limited Company *D IT system development
5 Public institution *E Land management
6 Foreign legal entity *F Lease of machinery

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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4. Property, plant and equipment

Land	Buildings	Constructions and machinery	Vehicles, equipment and other property, plant and equipment	Construction in progress	Total
62,279 11,539 (2) 1,221 (6,351) -	41,448 493 (155) - (2,535) -	23,489 4,397 (123) - (4,470) (314)	2,345 1,116 (34) - (938) 1,651	2,991 2,863 - - - (1,653)	132,552 20,408 (314) 1 221 (14,295) (315)
68,686	39,251	22,978	4,140	4,201	139,257
5,865 (28) 1,924 (6,746) -	183 (34) 204 (1,952) 1,119	3,539 (1,131) 317 (4,317) (127)	161 (23) 47 (969) 98	4,891 (92) - - (1,813)	14,639 (1,308) 2,492 (13,984) (723)
69,752	38,193	21,266	3,454	7,187	139,852
73,493 86,251 93,945	57,529 57,867 59,406	45,813 49,772 52,377	6,177 8,910 9,193	2,991 4,201 7,187	186,004 207,001 222,108
(11,214) (17,565) (24,193)	(16,081) (18,616) (21,213)	(22,324) (26,794) (31,111)	(3,832) (4,770) (5,739)	- - -	(53,452) (67,745) (82,256)

62,279	41,448	23,489	2,345	2,991	132,552
68,686	39,251	22,978	4,140	4,201	139,257
69,752	38,193	21,266	3,454	7,187	139,852

Right-of-use assets (ROU assets) recognized by the Group included the following type of assets:

Right of use assets Acquisition cost Additions Less: accumulated depreciation Carrying amount Right of use assets Acquisition cost Additions Disposals and write-offs Less: accumulated depreciation Carrying amount	Land	Land
	31 December 2022 31 December 2021
	56,377 46,020 5,391 10,357 (24,193) (17,565)
	37,575 38,812
	Buildings
	31 December 2022 965 67 - (521) 511	31 December 2021 1,008 - (44) (403) 562

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

(All amounts are in EUR thousand, unless stated otherwise)

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5. Biological assets

The movement of Group’s biological assets consisted of the following:

Non– current assets Current assets	Non– current assets Current assets	Non– current assets Current assets
Dairy cows Other livestock	Mushroom seedbed Crops	Total
Balance as of 31 December 2020 6,310 3,389	2,149 14,903	26,751
Direct purchases - 205 Accumulated expenses - 3,756 Transfer between groups 3,613 (3,613) Direct sales (609) (290) Harvest - - Revaluation (2,167) (239) Write-offs (257) (107)	- - 27,833 36,180 - - - - (27,692) (30,820) - (3,155) - -	205 67,769 - (899) (58,512) (5,561) (364)
Balance as of 31 December 2021 6,890 3,103	2,290 17,108	29,391
Direct purchases - 4 Accumulated expenses - 3,739 Transfer between groups 2,561 (2,561) Direct sales (1,880) (860) Harvest - - Revaluation (451) 366 Write-offs (320) (75)	- - 29,260 39,580 - - - - (29,131) (43,698) - 4,332 - -	4 72,579 - (2,740) (72,829) 4,247 (395)
Balance as of 31 December 2022 6,799 3,716	2,419 17,322	30,256

6. Inventory

As of September 30 the Group’s inventories consisted of the following:

Finished goods (agricultural produce) Raw materials Total Less: Revaluation to net realizable value of agricultural produce Carrying amount	As of31 December2022 28,857 7,765	As of 31 December 2021
		18,828 6,804
	36,622	25,632
	(1,054) 35,568	(1,536)
		24,096

7. Receivables and advance payments

As of the balance sheet date Group’s receivables and advance payments consisted of the following:

Trade receivables VAT receivable Receivables from National Paying Agency Accounts receivable from private individuals Other receivables Prepayments and deferred expenses Less: loss allowance Total trade accounts receivable, net Non-current receivables, gross Less: loss allowance Total	As of31 December2022 6,835 586 1,241 80 3,388 3,524 (3,520) 12,134 454 (1) 12,587	As of 31 December 2021
		4,656 641 1,455 83 3,582 3,714
		(3,237)
		10,894
		450 (1)
		11,343

Receivables from the National Paying Agency are the direct subsidies receivable for crops and milk, which are due by 30 June of the following year.

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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8. Financial liabilities

The Group’s long-term borrowings consisted of the following:

Borrowings from banks Mushroom growing companies FMCG companies Agricultural entities Parent company Other borrowings Investment fund for purchased land Bonds Total Less:amounts, payable within one year (according to agreements) Total long-term borrowings The long-term borrowings and payables are repayable as follows: Financial liabilities to banks and bondholders Within second year Within third and fourth year After fifth year and later Total The Group’s short-term borrowings were the following: Borrowings from banks Mushroom growing companies Grain selling entity Agricultural entities Total short-term borrowings	As of 31 December 2022 6,789 831 16,136 3,931 253 25,409 53,349 (4,511) 48,838 As of 31 December 2022 28,896 19,287 655 48,838 As of 31 December 2022 2,400 6,500 7,550 16,450	As of 31 December 2021 7,590 1,007 21,189 2,728 253 19,114 51,882 (5,767) 46,115 As of 31 December 2021
		9,853 35,939 323
		46,115
		As of 31 December 2021
		2,400 3,183 -
		5,583

Short-term loans from banks as of 31 December 2022 include EUR 16.450 thousand credit-line facilities (2021: EUR 5.583 thousand).

9. Leases

The Group’s leases consisted of the following:

Lease liabilities Lease liabilities related to right-of-use assets Lease liabilities related to other assets Total Less: amounts payable within one year Lease liabilities related to right-of-use assets Lease liabilities related to other assets Total Total long-term leases**	As of 31 December 2022 38,285 4,356 42,641 5,749 1,867 7,616 35,025	As of 31 December 2021
		39,114 6,406
		45,519 5,198 2,680
		7,878
		37,641

Lease liabilities accounted as operational lease before adoption of IFRS 16.

** Lease liabilities accounted as financial lease before adoption of IFRS 16.

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

(All amounts are in EUR thousand, unless stated otherwise)

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10. Results of business segments

CROP GROWING SEGMENT
	12-month period ending	12-month period ending
a) Harvest of agricultural produce	31 December 2022	31 December 2021
Total cultivated land, ha	38,525	39,139
Wheat	11,693	10,440
Legumes	6,785	8,056
Other cash crops	11,628	12,459
Forage Crops	7,676	6,711
Fallow	743	1,472
Average harvest yield, t/ha
Wheat	3.41	3.27
Legumes	2.32	1.09
Other cash crops	4.47	5.68
Forage Crops	-	7.67
Total fair value of harvest, EUR'000	43,698	30,800
Wheat	16,061	8,229
Legumes	9,053	3,057
Other cash crops	12,869	13,409
Forage Crops	5,715	6,105
Total production cost of harvest, EUR'000	(38,856)	(34,291)
Wheat	(12,706)	(8,205)
Legumes	(6,053)	(6,459)
Other cash crops	(14,382)	(13,522)
Forage Crops	(5,715)	(6,105)
Total gain (loss) on revaluation of biological assets at fair value, EUR’000*	4,843	(3,491)
Gain (loss) on revaluation of biological assets at fair value recognized in previous periods, EUR'000*	(2,334)	(2,018)
Gain (loss) on revaluation of biological assets at fair value recognized in previous periods, EUR'000*	1,823	2,334
Gain (loss) on revaluation of biological assets recognized in reporting period, EUR'000*	4,332	(3,175)
*Estimated gain (loss) on recognition of cash crops at fair value as of 31 December	2022. For more information, please see management report’s
section 2.2.
b) Sales of agricultural produce	12-month period ending	12-month period ending
	31 December 2022	31 December 2021
Total revenue of sold agricultural produce, EUR'000	27,578	23,614
Total cost of sold agricultural produce*, EUR'000	(27,557)	(25,195)
Total inventory write-offs, EUR'000	(1,258)	(4,047)
Result of internal transactions, EUR'000	(683)	n/a
Result of sales of agriculturalproduce, EUR'000	(1 919)	(5,628)
* The cost of sold agricultural produce represents the value of crops evaluated at fair values at point of harvest and related sales costs.
c) Agricultural subsidies	12-month period ending	12-month period ending
	31 December 2022	31 December 2021
Direct subsidies, EUR'000	5,379	5,553
Organic farming subsidies, EUR'000	4,510	4,137
Total subsidies, EUR'000	9,889	9,690
Gross profit of crop growing segment, EUR'000 (a+b+c)	12,302	(887)
Depreciation included in the harvest of agricultural produce, EUR’000	3,690	3,825

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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DAIRY SEGMENT 12-month period ending 31 December 2022 12-month period ending 31 December 2021	DAIRY SEGMENT 12-month period ending 31 December 2022 12-month period ending 31 December 2021	DAIRY SEGMENT 12-month period ending 31 December 2022 12-month period ending 31 December 2021
Total quantity sold, tonnes 26,594 27,053 Non-organic milk, tonnes 617 557 Organic milk, tonnes 24,717 25,128 Dairy commodities, tonnes 457 624 Cattle, tonnes 803 743 Total revenues of dairy segment, EUR'000 16,495 13,611 Non-organic milk, EUR'000 208 194 Organic milk, EUR'000 13,269 10,496 Dairy commodities, EUR'000 1,711 2,022 Cattle, EUR'000 1,308 899 Total cost of dairy segment, EUR'000 (14,906) (13,154) Milk, EUR'000 11,943 (10,364) Dairy commodities, EUR'000 (1,655) (1,891) Cattle, EUR'000 (1,308) (899) Revaluation of biological assets, EUR’000 (2,090) (2,772) Total subsidies, EUR’000 3,065 3,169
Gross profit of dairy segment, EUR'000 2,565 853
Depreciation included in cost of dairy segment sales, EUR’000 633 644

MUSHROOM SEGMENT	12-month period ending 31 December 2022	12-month period ending 31 December 2021
Total quantity sold, tonnes 11,552 12,002 Non-organic mushrooms, tonnes 10,698 11,323 Organic mushrooms, tonnes 854 679 Total revenues from mushroom sales, EUR'000 27,536 27,885 Non-organic mushrooms, EUR'000 24,596 25,362 Organic mushrooms, EUR'000 2,940 2,523 Total cost of mushrooms sold, EUR'000 (28,941) (27,451) Non-organic mushrooms, EUR'000 (26,823) (25,749) Organic mushrooms, EUR'000 (2,118) (1,702) Total revenues from sales of mushroom seedbed, EUR'000 357 475 Total cost from sales of mushroom seedbed, EUR'000 (357) (240)
Gross profit of mushroom growing segment, EUR'000 (1,405) 669
Depreciation included in cost of mushroom sales, EUR’000 1,671 1,651
FAST-MOVING CONSUMER GOODS 12-month period ending 31 December 2022 12-month period ending 31 December 2021
Total revenue from fast-moving consumer goods sales, EUR'000 8,122 6,191 Total cost of fast-moving consumer goods, EUR'000 (6,379) (4,656)
Gross profit of fast-moving consumer goods segment, EUR'000 1,743 1,535
Depreciation included in cost of sales of fast-moving consumer goods, EUR’000 364 357

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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11. Operating expenses

Operating expenses breakdown by type of expenses was the following:

Payroll and social security expenses Share based payments amortization Depreciation PP&E, ROU assets and amortization of IA Write-offs and value decrease of PP&E Consultations and business plan preparations Insurance and tax expense Selling expenses Fuel costs Real estate registration and notaries Rent and utilities Transport costs Office administration Provisions for possible credit losses and write-offs of bad debts Fines and late payments Other expenses Total	12-month period ending 31 December	12-month period ending 31 December
	2022 5,501 589 935 (569) 323 918 1,886 364 112 320 415 550 423 17 1,230 13,014	2021
		4,934 562 812 23 273 799 1,638 256 104 387 313 654 2,635 17 954
		14,361

In April 2019 the Company approved Employee Option Plan therefore Share-Based Payments expenses were recognized. It should be noted that respective expenses are equity-settled and are recognized evenly per 3-year vesting period in profit (loss) statement and in equity on balance sheet.

12. Other income

Other income breakdown by type was the following:

Interest and fines income Insurance benefits Other income (expenses) Total	12-month period ending 31 December	12-month period ending 31 December
	2022 209 55 403 667	2021
		348 112 241
		702

13. Other gains/(losses)

Other gains/(losses) breakdown by type was the following:

Gain (loss) on sale of investment property Gain (loss) from sale of property, plant and equipment Gain (loss) from sale of subsidiaries Total	12-month period ending 31 December	12-month period ending 31 December
	2022 - 297 - 297	2021
		- (72) (40)
		(112)

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

(All amounts are in EUR thousand, unless stated otherwise)

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14. Financial expenses

Financial expenses breakdown by type was the following:

Bank interest expenses Bond interest expenses Finance costs related to ROU assets (IFRS 16) Leasing and other financial expenses Currency exchange differences Fair value change of derivatives Other financial expenses Total	12-month period ending 31 December	12-month period ending 31 December
	2022 2,363 1,815 1,339 224 3 5 405 6,154	2021
		1,640 1,532 2,567 249 61 5 404
		6,458

15. Subsequent events January 2022 – February 2023

The Company informs of all material events over the CNS (Company News System) of NASDAQ Vilnius.

Announcement Announcement header
date
2023.03.01 AUGA group, AB will organise an Investor Conference Webinar to introduce unaudited financial results for the 12 months of 2022
2023.02.28 Regarding announcement of AUGA group, AB interim information for 12-month period ending in 31 December 2022 AUGA group, AB plans for mass production of biomethane and electric tractors
2023.02.09 Dates of periodic information disclosure of AUGA group, AB for the year 2023 (investor calendar) 2023.01.18 AUGA group, AB and its subsidiaries are planning stages of implementation of structural changes 2022.12.23 Information regarding the interest payment to the AUGA group green bond owners 2022.12.19 Decisions of the repeated meeting of bondholders convened by the trustee ab which took place on 16th December 2022 2022.12.16 On the meeting of bondholders convened by the Trustee and a new meeting 2022.12.08 AUGA group, AB presentation of financial results for the 9 months of 2022 2022.12.06 CORRECTION: AUGA group, AB interim financial results for the 9-month period ended 30 September 2022 2022.12.06 AUGA group, AB interim financial results for the 9-month period ended 30 September 2022 2022.11.30 AUGA group, AB will organise an Investor Conference Webinar to introduce unaudited financial results for the 9 months of 2022
2022.11.24 2022.11.15 Regarding the meeting of bondholders convened by UAB AUDIFINA 2022.09.05 AUGA group, AB presentation of financial results for the 6 months of 2022 2022.09.01 Report on interim financial results of AUGA Group, AB for the six-month period ended 30 June 2022 2022.08.25 AUGA group, AB will organise an Investor Conference Webinar to introduce unaudited financial results for the 6 months of 2022
2022.06.22 Notification on the total number of voting rights granted by shares of AUGA group, AB and capital 2022.06.22 New wording of AUGA group, AB Articles of Association and the increase of the authorized share capital registered 2022.06.03 AUGA group, AB presentation of financial results for the 3 months of 2022 2022.06.01 Report on interim financial information of AUGA group, AB for the three-month period ended 31 March 2022 2022.05.30 AUGA Group, AB exercises the first stock options for employees 2022.05.30 AUGA Group, AB notifications on transactions of persons holding management positions

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

(All amounts are in EUR thousand, unless stated otherwise)

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2022.05.27 AUGA group, AB will organise an Investor Conference Webinar to introduce unaudited financial results for the 3 months of 2022
2022.05.26 AUGA group, AB readies to produce first batch of biomethane and electric tractors
2022.04.29 Decisions of the Ordinary General Meeting of Shareholders of AUGA group, AB which Took Place on 29th April 2022
2022.04.21 Update: Notice on the update of questions of the agenda of the ordinary general meeting of shareholders of AUGA group, AB on 29 April 2022 by drafts of decisions and related information
2022.04.21 AUGA group, AB Notification of transactions by persons discharging managerial responsibilities
2022.04.21 AUGA group, AB progresses with its employee motivation scheme through share options
2022.04.19 AUGA group, AB Published Green Bond Report
2022.04.19 AUGA group, AB published Consolidated Annual Report
2022.04.19 Notice on the update of questions of the agenda of the ordinary general meeting of shareholders of AUGA group, AB on 29 April 2022 by drafts of decisions and related information:
2022.04.07 Notice on Convocation of the ordinary General Meeting of Shareholders of AUGA group, AB on 29 April 2022
2022.04.06 Warsaw Stock Exchange excluded from exchange trading on the GPW Main List of the shares of the AUGA group, AB
2022.03.18 AUGA group, AB and its subsidiaries signed financing agreements with KŪB Business Aid Fund and UAB Medicinos bankas
2022.03.14 Polish Financial Supervision Authority undertook a decision on granting consent to delist the shares of AUGA group, AB, which will result in the delisting of shares from trading on the Warsaw Stock Exchange
2022.03.02 AUGA group, AB presentation of financial results for the 12 months of 2021
2022.03.01 AUGA group, AB interim information for 12-month period ending 31 December 2021
2022.02.25 AUGA group, AB will organise an Investor Conference Webinar to introduce unaudited financial results for the 12 months of 2021

V. CONFIRMATION OF RESPONSIBLE PERSONS

In accordance with the Law on Securities of the Republic of Lithuania and the Rules on the Information Disclosure approved by the Board of the Bank of Lithuania, we hereby confirm that, to the best of our knowledge, the consolidated interim financial statements of AUGA group, AB for the twelve-month period ended 30 September 2022, have been prepared in accordance with the International Financial Reporting Standards, give a true and fair view of the assets, liabilities, financial position, profit or loss and cash flow of AUGA group, AB group.

Chief Executive Officer

Kęstutis Juščius

Chief Financial Officer

Mindaugas Ambrasas

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Consolidated interim financial statements for 12-month period ending 31 December 2022 (unaudited)

AI assistant

AUGA group — Interim / Quarterly Report 2022

2259_rns_2023-03-03_4c1c5486-abfe-4291-9473-6ab1e271da01.pdf

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

TABLE OF CONTENTS

I. GENERAL INFORMATION

1.1. Accounting period covered by the report

1.2. Key data on the issuer

1.3. Main lines of business of the Group

1.4. The structure of the Group

1.5. Agreements with the mediators of securities public circulation

1.6. Data about securities traded on regulated markets

1.7. Information on non-financial reporting

1.8. Significant post balance sheet events

II. MANAGEMENT REPORT

2.1. Overall results

2.2. Crop growing segment overview

Harvest in the season of 2021/2022

Harvest of 2022/2023

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

Crop growing segment sales results

Agricultural subsidies and gross profit of the crop growing segment

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

2.3. Dairy segment overview

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

2.4. Mushroom segment overview

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

2.5. Fast-moving consumer goods (FMCG) segment

2.6. Operating expenses

2.7. Capital expenditures

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

III. FINANCIAL STATEMENTS

Consolidated balance sheet

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

Consolidated statement of profit or loss and statement of other comprehensive income

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

Consolidated statement of changes in equity

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

Consolidated statement of cash flows

IV. EXPLANATORY NOTES

1. Basis of the preparation

Critical accounting estimates and assumptions

IFRS 16, Leases

Revaluation of biological assets (crops)

Revaluation of biological assets (livestock)

Share-based payments

2. Share capital and reserves

Share capital and share premium of the Company

Shareholders

Reserves of the Company

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

3. The structure of the Group

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022 (All amounts are in EUR thousand, unless stated otherwise)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022 (All amounts are in EUR thousand, unless stated otherwise)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

COMMENTS:

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

4. Property, plant and equipment

5. Biological assets

6. Inventory

7. Receivables and advance payments

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

8. Financial liabilities

9. Leases

10. Results of business segments

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

11. Operating expenses

12. Other income

13. Other gains/(losses)

AUGA GROUP, AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania CONSOLIDATED INTERIM REPORT AND CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR 12-MONTH PERIOD ENDING 31 DECEMBER 2022

14. Financial expenses

15. Subsequent events January 2022 – February 2023

V. CONFIRMATION OF RESPONSIBLE PERSONS

More from AUGA group

AUGA group Interim / Quarterly Report 2022