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Harvest Technology Plc

Annual Report Mar 27, 2025

2055_rns_2025-03-27_81a53e0f-7acd-444d-98e7-25b8c3b2d2fc.pdf

Annual Report

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COMPANY ANNOUNCEMENT

Harvest Technology p.l.c.

QUOTE

Approval of audited financial statements

The Company announces that the Audited Consolidated Financial Statements for the financial year ended December 31, 2024 have been approved by the Board of Directors. A copy of the signed Audited Consolidated Financial Statements is available for viewing on the Company's website https://harvest.tech/financial-statements/. Attached to this Company Announcement is a Directors' Declaration on ESEF Annual Financial Statements.

In an announcement published on June 4, 2024, the Company had declared that it expected to achieve a consolidated revenue of c. €24.6m. Actual consolidated revenue for 2024 reached €19.8M which represents an increase of 35% when compared to the €14.6M achieved in 2023. The forecast revenue number was not achieved due to contracts that were delayed or did not materialise. Furthermore, profit before tax increased from €0.8m in 2023 to €1.8m in 2024, due to improved performance across all subsidiaries.

Approval of final dividend

Furthermore, the Board of Directors announce the distribution of a final net dividend of €341,710 equivalent to €0.015 per share following rounding (the "Dividend") for the financial year ended December 31, 2024. All shareholders included in the shareholders'register of the Company as at April 4, 2025 shall be entitled to receive their respective share of the Dividend. Payment of the Dividend shall be on or around April 30, 2025.With this final dividend, the Company would have paid a dividend of €0.075 per share for the financial year ended 31 December 2024.

Business Update

Apcopay Limited reported a strong start to the year with transaction count and volumes both increasing by c.13% for the first two months of the year, when compared to the same period in 2024. In 2025, Apcopay Limited is expected to complete the migration of all its client base onto the Synthesis platform.

Following the strategic transfer of the automation hardware business from PTL Limited to Apco Limited and the new leadership in place, the Retail and IT segment built up strong momentum which

is expected to result in better financial performance in 2025. Both companies have increased their pipeline, with PTL Limited focusing on opportunities in business applications, cyber security and health and Apco Limited expected to have another positive year in automation.

The Board expects that during 2025, the Company will continue to build on its recent success, with a focus on client diversification, efficiency, and leveraging its inhouse technology expertise, while continuing to monitor macro-economic conditions, particularly inflation and interest rates.

UNQUOTE

By order of the Board

Mr. Adrian Mercieca

Company Secretary March 27, 2025

Harvest Technology plc Nineteen Twenty Three, Valletta Road, Marsa, MRS 3000, Malta

T +356 2144 5566 E [email protected]

DIRECTORS' DECLARATION ON ESEF ANNUAL FINANCIAL REPORTS

We, Mr. Keith Busuttil and Mr. Stephen Paris, in our capacity as Directors of Harvest Technology p.l.c., hereby certify:

  • i. That the Annual Financial Report for the year ended 31 December 2024 has been approved by the Board of Directors of the Company and is hereby being made available to the public.
  • ii. That the Annual Financial Report has been prepared in terms of the applicable rules and regulations, including the Commission Delegated Regulation on the European Single Electronic Format ("ESEF")1 and the Capital Markets Rules2.
  • iii. That the Audit Report on the ESEF Annual Financial Report is an exact copy of the original signed by the auditor and that no alterations have been made to the audited elements of the Annual Financial Report including the annual financial statements.
  • iv. That the Annual Financial Report shall serve as the official document for the purposes of the Capital Markets Rules and the Companies Act (Chapter 386 of the Laws of Malta).

Signature Mr. Keith Busuttil Chairman and Director

Signature Mr. Stephen Paris Director

1 Commission Delegated Regulation 2019/815 on the European Single Electronic Format, as may be further amended from time to time.

2 Capital Markets Rules as issued by the Malta Financial Services Authority (MFSA).

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