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Fon SE Interim / Quarterly Report 2026
5618_rns_2026-04-29_8ff1e1ec-e47b-46e3-afab-1a57d047e5df.pdf
Interim / Quarterly Report
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FON SE REPORT
for 9 months ended March 31, 2026
FON SE
FON SE REPORT
FOR 9 MONTHS ENDED MARCH 31, 2026
COMPLIES WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS
Tallinn, 29/04/2026
FON SE REPORT
for 9 months ended March 31, 2026
FON SE
Financial year start: 01 July 2025
Financial year end: 30 June 2026
Registration code: 14617916
Address: Harju maakond, Tallinn, Kesklinna linnaosa, Tornimäe tn 5, 10145
E-mail: [email protected]
Website: www.fon-sa.pl
Principal business activity: As of 31/03/2026, the subject of activity registered in Estonia is "activities of financial holding companies",
Supervisory Board: Małgorzata Patrowicz, Jacek Koralewski, Martyna Patrowicz, Wojciech Hetkowski
Management Board: Damian Patrowicz
FON SE REPORT
for 9 months ended March 31, 2026
SELECTED FINANCIAL DATA
| in. EUR thous. | Nine months ended
31 March 2026 | Nine months ended
31 March 2025 |
| --- | --- | --- |
| Net interest income | 340 | 440 |
| Profit (loss) from operating activity | 316 | 421 |
| Profit (loss) before tax | 285 | 325 |
| Net cash flows from operating activities | 220 | 227 |
| Net cash flow from investment activities | 0 | 0 |
| Net cash flows from financial activities | -254 | -238 |
| Change in cash and cash equivalents | -34 | -11 |
| Total assets | 8 586 | 8 719 |
| Short-term liabilities | 3 282 | 1 357 |
| Share capital* | 500 | 6 475 |
| Number of shares at the end of the period (pcs) | 5 000 000 | 64 750 000 |
*For balance sheet items marked with an asterisk, the data presented in the second column include the balance as at June 30, 2025.
FON SE REPORT
for 9 months ended March 31, 2026
- Statement of financial position (in EUR thous.)
| STATEMENT OF FINANCIAL POSITION | As at 31/03/2026 (in EUR thous.) | As at 30/06/2025 (in EUR thous.) |
|---|---|---|
| Assets | ||
| Fixed assets | 6 064 | 8 644 |
| Long-term financial assets | 6 064 | 8 644 |
| Current assets | 2 522 | 75 |
| Short-term receivables | 21 | 35 |
| Short-term financial assets | 2 495 | 0 |
| Short-term prepayments | 2 | 2 |
| Cash and cash equivalents | 4 | 38 |
| Total assets | 8 586 | 8 719 |
| Liabilities | ||
| --- | --- | --- |
| Equity | 4 258 | 6 213 |
| Share capital | 500 | 6 475 |
| Differences from conversion to EURO | -1 542 | -777 |
| Supplementary capital | 30 652 | 26 152 |
| Other reserve capitals | 0 | 0 |
| Retained earnings / Unsettled financial result | -25 352 | -25 637 |
| Long-term liabilities | 0 | 0 |
| Other long-term liabilities | 0 | 0 |
| Short-term liabilities | 3 282 | 1 357 |
| Credits and loans | 1 127 | 1 340 |
| Trade liabilities | 3 | 2 |
| Other liabilities | 2 152 | 0 |
| Other reserves | 0 | 15 |
| Accruals | 1 046 | 1 149 |
| Short-term accruals | 119 | 121 |
| Long-term accruals | 927 | 1 028 |
| Total liabilities and equity | 8 586 | 8 719 |
| Book value | 4 258 | 6 213 |
| --- | --- | --- |
| Number of shares at the end of the period (in pcs.) | 5 000 000 | 64 750 000 |
| Book value per share (in EUR) | 0,85 | 0,10 |
FON SE REPORT
for 9 months ended March 31, 2026
- Profit and loss statement and Statement of Comprehensive Income (in EUR thous.)
| PROFIT AND LOSS STATEMENT | 01/07/2025 - 31/03/2026 (in EUR thous.) | 01/07/2024 - 31/03/2025 (in EUR thous.) |
|---|---|---|
| Net interest income | 340 | 440 |
| Gross profit (loss) on sales | 340 | 440 |
| General and administrative expenses | 24 | 19 |
| Profit (loss) from operating activity | 316 | 421 |
| Financial income | 5 | 0 |
| Financial costs | 36 | 96 |
| Profit before tax | 285 | 325 |
| Net profit (loss) | 285 | 325 |
| Number of ordinary shares at the end of the period | 5 000 000 | 64 750 000 |
| Profit (loss) per ordinary share (in EUR) | 0,06 | 0,01 |
| STATEMENT OF COMPREHENSIVE INCOME | 01/07/2025 - 31/03/2026 (in EUR thous.) | 01/07/2024 - 31/03/2025 (in EUR thous.) |
| --- | --- | --- |
| Net profit / loss for the period | 285 | 325 |
| Other comprehensive income, including: | -765 | 276 |
| - differences from conversion into EURO - will not be reclassified to the profit and loss account | -765 | 276 |
| Total income for the period | -480 | 601 |
FON SE REPORT
for 9 months ended March 31, 2026
- Statement of changes in equity (in EUR thous.)
| STATEMENT OF CHANGES IN EQUITY | 01/07/2025 - 31/03/2026 (in EUR thous.) | 01/07/2024 - 31/03/2025 (in EUR thous.) |
|---|---|---|
| Equity at the beginning of the period | 6 213 | 5 619 |
| Share capital at the beginning of the period | 6 475 | 259 |
| Changes of share capital | -5 975 | 6 216 |
| increases (due to): | 0 | 6 216 |
| - bonus issue | 0 | 6 216 |
| decreases (due to): | 5 975 | 0 |
| - cancellation of shares | 1 475 | 0 |
| - increase of supplementary capital | 4 500 | 0 |
| Share capital at the end of the period | 500 | 6 475 |
| Supplementary capital at the beginning of the period | 26 152 | 32 368 |
| Changes of supplementary capital | 4 500 | -6 216 |
| increase (due to): | 4 500 | 0 |
| - decrease of share capital | 4 500 | 0 |
| decrease (due to): | 0 | 6 216 |
| - bonus issue | 0 | 6 216 |
| Supplementary capital at the end of the period | 30 652 | 26 152 |
| Other reserve capital at the beginning of the period | 0 | 0 |
| Other reserve capital at the end of the period | 0 | 0 |
| Retained earnings / Unsettled losses from previous years at the beginning of the period | -25 637 | -26 071 |
| increase (due to) | 285 | 325 |
| - profit/loss for the period | 285 | 325 |
| Retained earnings / Unsettled losses from previous years at the end of the period | -25 352 | -25 746 |
| Exchange differences at the beginning of the period | -777 | -937 |
| Changes of exchange differences | -765 | 276 |
| increases | 0 | 276 |
| decreases | 765 | 0 |
| Exchange differences at the end of the period | -1 542 | -661 |
| Equity at the end of the period | 4 258 | 6 220 |
FON SE REPORT
for 9 months ended March 31, 2026
- Cash-flow statement (in EUR thous.)
| CASH FLOW STATEMENT | 01/07/2025 - 31/03/2026 (in EUR thous.) | 01/07/2024 - 31/03/2025 (in EUR thous.) |
|---|---|---|
| OPERATING ACTIVITIES | ||
| A.I. Profit before tax | 285 | 325 |
| A.II. Total adjustments | -65 | -98 |
| Loans granted | 0 | 0 |
| Received repayments | 8 | 10 |
| Interest and share in profits (dividends) | 19 | -29 |
| Change in reserves | -15 | -7 |
| Change in receivables and active accruals | 14 | -12 |
| Change in liabilities | 2 153 | -23 |
| Change in the status of passive accruals | -103 | -86 |
| Other adjustments | -2 172 | 49 |
| Exchange differences | 31 | 0 |
| A.III. Net cash flows from operating activities | 220 | 227 |
| INVESTMENT ACTIVITIES | ||
| B.I. Inflows from investment activities | 0 | 0 |
| B.II. Outflows from investment activities | 0 | 0 |
| B.III. Net cash flows from investment activities | 0 | 0 |
| FINANCIAL ACTIVITIES | ||
| C.I. Inflows from financial activities | 0 | 188 |
| Credits and loans | 0 | 188 |
| C.II. Outflows from financial activities | 254 | 426 |
| Repayments of credits and loans | 237 | 399 |
| Interest | 17 | 27 |
| C.III. Net cash flows from financial activities | -254 | -238 |
| D. Exchange differences | 0 | 0 |
| Total net cash flows (A.III+/-B.III+/-C.III+/-D) | -34 | -11 |
| Balance sheet change in cash | -34 | -11 |
| Cash at the beginning of the period | 38 | 11 |
| Cash at the end of the period | 4 | 0 |
Tallinn, 2026-04-29
Signatures of all members of the Management Board
Damian Patrowicz
Member of the Management Board
First name and last name
position/function