Institut IGH d.d.

Annual Report • Feb 28, 2025

Zagreb, December 31, 2024

Management Report on business results of the Company Institut IGH d.d. and its subsidiaries Subject: in the period from January 1 to December 31 2024.

Institut IGH d.d.

In the period from January to December 2024, Institut IGH d.d operated with revenue amounting to EUR 20 million. Operating expenses are (excluding amortization) amount to EUR 16,9 million.

After the amortization cost in the amount of EUR 2 milion, negative effect of interest and exchange rate differences in the amount of EUR 410 thousands, Institut IGH d.d operated at a profit amounting EUR 764 thousands.

The Company actively implements the policy of increasing liquidity and shortening the period of settlement of liabilities to suppliers and subcontractors of the Company, and the collection of overdue within the agreed deadlines.

The company's activities are aimed at opening representative offices in new markets (Egypt, Armenia, Hungary, Italy, Romania, Crna Gora) where new infrastructure projects of importance are expected in these markets.

The Company continues to fulfill the set short-term activity plan, improve and further digitize business processes, and invest in new areas of activities such as research and development, and expansion of already started ones such as BIM.

Between January 1 and December 31, 2024 the new contracts were contracted in total of EUR 13 million.

IGH Group

In the period from January to December 2024, IGH Group operated at a revenue amounting to EUR 2,1 million. Operating expenses (excluding amortization) amount to EUR 16,9 million.

After the amortization cost in the amount of EUR 2,1 milion, negative effect of interest and exchange rate differences in the amount of EUR 411 thausands, IGH Group operated at a gross profit amounting EUR 716 thousands.

The IGH Institute continues with further enhanced activities defined by the Strategic Development Plan until 2027, which plans additional investments and investments in projects of significant interest for the

INSTITUT IGH, d.d. Janka Rakuše 1 10000 Zagreb, Croatia

PHONE +385 (0)1 612 51 25 FAX +385 (0)1 612 54 01 EMAlL igh@igh.hr WEB www.igh.hr

Competent court: Commercial Court in Zagreb Register entry with company registration No 080000959

Share capital:

Paid in full

HRK 116,604,710.00

PIN: 79766124714 Business bank: SBERBANK d.d IBAN: HR6825030071100087335 SWIFT code: VBCRHR22

Req.No.; 3750272

Management Board: Robert Petrosian, President of the Management Board Vedrana Tudor, Member of the Management Board Mirosiav Pauzar, Member of the Management Board lgor Džajić, Member of the Management Board

Supervisory Board: Žarko Dešković, MEng.CE President of the Supervisory Board

No of issued shares: IGH 613,709 Nominal share value HRK 190

od značajnog interesa za razvoj Instituta i Grupacije. Dodatno je Institut IGH usmjeren na povećanje produktivnosti rada i učinkovitu i efikasniju realizaciju projekata. Uz sve navedeno i provedeno kadrovsko osnaživanje Društva intenziviraju se aktivnosti na

internacionalnim tržištima koje imaju za cilj održivi rast i razvoj Društva i Grupacije.

U ime Uprave INSTITUTA IGH, d.d.

Ordinary share IGH-R-A, ISIN HRIGH0RA0006 Listed on the official market of the Zagreb Stock Exchange Home Member State: Croatia LEI mark: 74780000W0UQ8MF2FU71

ZAGREB STOCK EXCHANGE vana Lučića 2a 10000 Zagreb

HANFA Miramarska 24b 10000 Zagreb

HINA ots@hina.hr

Zagreb, February 28, 2025

Subject: Statement of the Management Board on the responsibility for preparing financial reports for the Group Institut IGH, JSC

The Company's Management Board has to ensure that the Group's unaudited financial reports for the accounting period from January to December 2024 are prepared in accordance with the Accountancy Law (Official Gazette 78/15, 133/15, 120/16) and International Financial Reporting Standards as adopted by the European Union, so that these documents provide a true and unbiased picture of the Group's financial standing, business results, change in capital, and cash flow for the period under consideration.

After making due enquiries, the Management Board has a reasonable expectation that the Group has adequate resources to continue operation in the foreseeable future. Accordingly, the Group has prepared its financial reports under assumption that the Group will continue operating for an unlimited period of time.

During preparation of financial reports, the Management Board is responsible:

• · for the selection and, thereafter, for consistent use of appropriate accounting policies;
• · for giving reasonable and sensible assessments and estimates;
• · for applying valid financial reporting standards and for making public and explaining every materially significant discrepancy discovered in financial reports;
• · for preparing financial reports under assumption of an unlimited period of operation, except in cases when such assumption is inappropriate.

The Management Board is responsible for keeping proper accountancy records that will depict, to an acceptable level of accuracy, the financial standing and business results of the Group, in full compliance with the Accountancy Law and International Financial Reporting Standards issued by the International Accounting Standards Board (IASB). The Management Board is also responsible for protecting and safeguarding the Group's assets, and hence for undertaking every measure it deems necessary to prevent and discover cases of fraud and other illegal activity.

Signed on the behalf of the Management Board Robert Petrosian, President of the Management

INSTITUT IGH, d.d. Janka Rakuše 1 10000 Zagreb, Croatia

PHONE +385 (0)1 612 51 25 FAX +385 (0)1 612 54 01 EMAlL igh@igh.hr WEB www.igh.hr

Competent court/10015 Commercial Court in 2 Register entry with company registration No 080000959

01

EUR 14,814,630.00 Paid in full

Share capital:

No of issued shares: : IGH 1,481,463 Nominal share value EUR 10

Req.No.: 3750272 PIN: 79766124714

Business bank: Hrvatska poštanska banka d.d IBAN. HR3423900011198006586 SWIFT code: HPBZHR2X

Management Board: Robert Petrosian, President of the Management Board Marija Đuroković, Member of the Management Board

Supervisory Board: Žarko Dešković, MEng.CE President of the Supervisory Board

4 Annex 1
	ISSUER'S GENERAL DATA
Reporting period:	1.1.2024 to	312 2024
Year:	2024
Quarter:	4.
	Quarterly financial statements
egistration number (MB): 03750272	Issuer's home Member State code:	HR
Entity's registration 080000059 number (MBS):
Personal identification 79766124714 number (OIB):	LEI:	74780000W0UQ8MF2FU71
Institution 1461 code:
Name of the issuer: IINSTITUT IGH d.d.
Postcode and town: 10000	Zagreb
treet and house number: Janka Rakuše 1
E-mail address: jgh@jgh.hr
Web address: http://www.igh.hr
Number of employees 350 (end of the reporting
Consolidated report: KD KD (KN-not consolidated/KD-consolidated)
Audited: RN RN	(RN-not audited/RD-audited)
Names of subsidiaries (according to IFRS):	Registered office:	MB:
Bookkeeping firm:	(name of the bookkeeping firm)

Contact person:
	(only name and surname of the contact person)
Telephone:
E-mail address:
Audit firm:
	(name of the audit firm)
Certified auditor:
	(name and surname)

BALANCE SHEET balance as at 31.12.2024.

Submitter: INSTITUT IGH D.D.			in EUR
Item.	ADP code	Last day of the . preceding business year	At the reporting date of the current period
1	2	3	র্ব
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID	001	0	0
B) FIXED ASSETS (ADP 003+010+020+031+036)	002	10.236.218	10.704.362
I INTANGIBLE ASSETS (ADP 004 to 009)	003	20.291	32.736
1 Research and development 2 Concessions, patents, licences, trademarks, software and other	004	O	0
rights	005	11.512	26.065
3 Goodwill	006	4.280	0
4 Advances for the purchase of intangible assets	007	O	0
5 Intangible assets in preparation	008	4.499	6.671
6 Other intangible assets	009	O	0
II TANGIBLE ASSETS (ADP 011 to 019)	010	8.049 923	8.444.593
1 Land	011	1.255.361	874.691
2 Buildings	012	1.316.696	1.497.826
3 Plant and equipment	013	4.547.207	5.164.382
4 Tools, working inventory and transportation assets	014	775.333	695.107
5 Biological assets	015	0	0
6 Advances for the purchase of tangible assets	016	42.424	39.554
7 Tangible assets in preparation	017	39.631	53.862
8 Other tangible assets	018	40.424	40.424
9 Investment property	019	32.848	78.748
III FIXED FINANCIAL ASSETS (ADP 021 to 030)	020	2.002.789	2.116.230
1 Investments in holdings (shares) of undertakings within the group 2 Investments in other securities of undertakings within the group	021	0	0
3 Loans, deposits, etc. to undertakings within the group	022	0	0
4. Investments in holdings (shares) of companies linked by virtue of	023	O	0
participating interests	024	1.985.533	1.990.842
5 Investment in other securities of companies linked by virtue of
participating interests	025	O	0
6 Loans, deposits etc. to companies linked by virtue of participating	026	0	0
interests 7 Investments in securities
8 Loans, deposits, etc. given	027	O	0
9 Other investments accounted for using the equity method	028 029	17.256 0	125.388
10 Other fixed financial assets	030	0	0 0
IV RECEIVABLES (ADP 032 to 035)	031	163.215	110.803
1 Receivables from undertakings within the group	032	O	0
2 Receivables from companies linked by virtue of participating
interests	033	0	0
3 Customer receivables	034	0	0
4 Other receivables	035	163.215	110.803
V DEFERRED TAX ASSETS	033	O	0
C) CURRENT ASSETS (ADP 038+046+053+063)	037	9.312.575	7.134.984
I INVENTORIES (ADP 039 to 045)	038	1.707.903	75.618
1 Raw materials and consumables	0339	O	0
2 Work in progress	040	75.408	75.618
3 Finished goods	041	0	0
4 Merchandise	042	O	0
5 Advances for inventories	043	0	0
6 Fixed assets held for sale	044	1.632.495	0
7 Biological assets	045	0	0
II RECEIVABLES (ADP 047 to 052)	046	3.266.296	3.324.160

1 Receivables from undertakings within the group	047	0	0
2 Receivables from companies linked by virtue of participating interests	048	6.145	6.145
3 Customer receivables	049	2.070.479	2.085.152
4 Receivables from employees and members of the undertaking	050	178.420	142.955
5 Receivables from government and other institutions	051	127.746	143.229
6 Other receivables	0-72	883.506	957.278
III CURRENT FINANCIAL ASSETS (ADP 054 to 062)	053	3.904.858	3.591.247
1 Investments in holdings (shares) of undertakings within the group	054	0	0
2 Investments in other securities of undertakings within the group	055	0	0
3 Loans, deposits, etc. to undertakings within the group	0-56	0	0
4 Investments in holdings (shares) of companies linked by virtue of
participating interests	0-57	0	0
5 Investment in other securities of companies linked by virtue of participating interests	058	0	0
6 Loans, deposits etc. to companies linked by virtue of participating interests	059	0	0
7 Investments in securities	0 (3 0)	3.539	3.539
8 Loans, deposits, etc. given	061	3.879.972	3.566.361
9 Other financial assets	062	21.348	21.348
IV CASH AT BANK AND IN HAND	063	433.517	133.359
D ) PREPAID EXPENSES AND ACCRUED INCOME	064	1.138.068	1.884.360
E) TOTAL ASSETS (ADP 001+002+037+064)	065	20.686.860	19723.706
OFF-BALANCE SHEET ITEMS	0 36
LIABILITIES		0	0
A) CAPITAL AND RESERVES (ADP 068 to
070+076+077+083+086+089)	067	3.877.641	4.806.860
I INITIAL (SUBSCRIBED) CAPITAL	068	14.814.630	14.814.630
Il CAPITAL RESERVES	0 89	-33.895	-33.895
III RESERVES FROM PROFIT (ADP 071+072-073+074+075)	070	-291.606	-291.606
1 Legal reserves	0741	O	0
2 Reserves for treasury shares	072	191.958	191.958
3 Treasury shares and holdings (deductible item)	07/3	-483.564	-483.564
4 Statutory reserves	074	0	0
5 Other reserves	07.5	0	0
IV REVALUATION RESERVES	076	2.507.022	2.171.216
V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082)	0777	98.541
1 Financial assets at fair value through other comprehensive income (i.e. available for sale)	078	133.711	38.486 133.711
2 Cash flow hedge - effective portion
3 Hedge of a net investment in a foreign operation - effective portion	0749	O	0
4 Other fair value reserves	080	0	0
	081	0	0
5 Exchange differences arising from the translation of foreign operations (consolidation)	0892	-35.170	-95.225
VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084- 085)	083	-18.265.428	-12.802.357
1 Retained profit	084	0	0
2 Loss brought forward	085	18.265.428	12.802.357
VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088)	086	4.985.294	847.304
1 Profit for the business year	087	4.985.294	847.304
2 Loss for the business year	0888	O
VIII MINORITY (NON-CONTROLLING) INTEREST	089	63.082	O
B) PROVISIONS (ADP 091 to 096)	090	1.324.489	63.082
1 Provisions for pensions, termination benefits and similar obligations	091	85.244	631.572 78.859
2 Provisions for tax liabilities	0992
3 Provisions for ongoing legal cases		O	0
4 Provisions for renewal of natural resources	093	904.253	248.277
	094	0	0
5 Provisions for warranty obligations	095	0	0

6 Other provisions	096	334.993	304.436
C) LONG-TERM LIABILITIES (ADP 098 to 108)	097	2.377.555	2.754.234
1 Liabilities to undertakings within the group	098	0	0
2 Liabilities for loans, deposits, etc. of undertakings within the group	099	0	0
3 Liabilities to companies linked by virtue of participating interests	100	0	0
4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests	101	0	0
5 Liabilities for loans, deposits etc.	102	1.911.320	2.332.876
6 Liabilities to banks and other financial institutions	103	200	200
7 Liabilities for advance payments	104	0	0
8 Liabilities to suppliers	105	26.269	0
9 Liabilities for securities	106	0	0
10 Other long-term liabilities	107	0	0
11 Deferred tax liability	108	439.766	421.159
D) SHORT-TERM LIABILITIES (ADP 110 to 123)	109	12.688.956	11.261.441
1 Liabilities to undertakings within the group	110	0	0
2 Liabilities for loans, deposits, etc. of undertakings within the group	111	0	0
3 Liabilities to companies linked by virtue of participating interests	112	412.055	417.820
4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests	113	O	0
5 Liabilities for loans, deposits etc.	114	5.475.671	4.157.911
6 Liabilities to banks and other financial institutions	115	9.242	0
7 Liabilities for advance payments	116	787.666	492.802
8 Liabilities to suppliers	117	2.902.913	4.005.238
9 Liabilities for securities	118	91.004	0
10 Liabilities to employees	119	845.976	691.073
11 Taxes, contributions and similar liabilities	120	1.518.806	978.704
12 Liabilities arising from the share in the result	121	0	0
13 Liabilities arising from fixed assets held for sale	1222	0	0
14 Other short-term liabilities	123	645.623	517.892
E) ACCRUALS AND DEFERRED INCOME	124	418.219	269.598
TOTAL - LIABILITIES (ADP 067+090+097+109+124)	125	20.686.860	19.723.706
G) OFF-BALANCE SHEET ITEMS	126	0	0

STATEMENT OF PROFIT OR LOSS for the period 01.01.2024 to 3

प

in EUR

ADP Same period of the previous year Current period Item code Cumulative Quarter Quarter Cumulative 1 2 3 4 5 6 OPERATING INCOME (ADP 002 to 006) 001 29.403.705 5.970.452 20.180.078 5.020.450 1 Income from sales with undertakings within the group 002 0 0 0 0 2 Income from sales (outside group) 003 16.374.990 3.803.180 17.155.215 4.055.299 3 Income from the use of own products, goods and services 004 0 0 30.512 0 4 Other operating income with undertakings within the group 005 0 0 0 0 5 Other operating income (outside the group) 006 12.998.203 2.167.272 3.024.863 965.151 Il OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) 007 21.216.792 4.590 887 4.606.718 19.052.802 1 Changes in inventories of work in progress and finished goods 008 0 0 0 2 Material costs (ADP 010 to 012) 009 5 464.953 5.011.435 773.667 1.250.733 a) Costs of raw materials and consumables 010 762.207 144.232 660.204 193.792 b) Costs of goods sold 011 0 0 0 0 c) Other external costs 012 4.702.746 629.435 4.351.231 1.056.941 3 Staff costs (ADP 014 to 016) 013 10.924.306 2.775.051 10.769.746 2.693.440 a) Net salaries and wages 014 6.992.212 1.839.086 6.792.592 1.712.481 b) Tax and contributions from salary costs 015 2.621.866 627.704 2.664.078 659.066 c) Contributions on salaries 016 1.310.229 308.261 1.313.076 321.893 4 Depreciation 017 2.230.482 585.094 2.071.370 454.986 5 Other costs 018 571.773 379.665 671.700 176.622 6 Value adjustments (ADP 020+021) 019 538.406 34.920 202.803 8.946 a) fixed assets other than financial assets 020 170.693 0 0 0 b) current assets other than financial assets 021 367.713 34.920 202.803 8.946 7 Provisions (ADP 023 to 028) 022 420.236 0 0 0 a) Provisions for pensions, termination benefits and similar obligations 023 420.236 0 0 0 b) Provisions for tax liabilities 0 024 0 0 0 c) Provisions for ongoing legal cases 0 0 025 0 0 d) Provisions for renewal of natural resources 0 026 0 0 0 e) Provisions for warranty obligations 0 0 027 0 0 f) Other provisions 028 O 0 0 0 8 Other operating expenses 029 1.066.635 42.490 325.748 21.991 III FINANCIAL INCOME (ADP 031 to 040) 030 310.949 1.879 68.238 45.907 1 Income from investments in holdings (shares) of undertakings within 031 0 O 0 0 the group 2 Income from investments in holdings (shares) of companies linked by 032 0 0 0 0 virtue of participating interests 3 Income from other long-term financial investment and loans granted to 033 0 0 0 0 undertakings within the group 4 Other interest income from operations with undertakings within the 034 0 0 0 0 group 5 Exchange rate differences and other financial income from operations 035 0 0 with undertakings within the group 0 0 6 Income from other long-term financial investments and loans 036 0 0 0 0 7 Other interest income 037 1.882 130 757 344 8 Exchange rate differences and other financial income 289.249 038 720 40.430 38.937 9 Unrealised gains (income) from financial assets 039 O 0 O 0 10 Other financial income 040 19.818 1.029 27.051 6.626 IV FINANCIAL EXPENSES (ADP 042 to 048) 041 4.647.410 47.302 479.015 298.730 1 Interest expenses and similar expenses with undertakings within the 042 0 0 O group 0 2 Exchange rate differences and other expenses from operations with 043 0 0 0 undertakings within the group 0 3 Interest expenses and similar expenses 044 674.252 41.680 226.185 90.153 4 Exchange rate differences and other expenses 045 251.352 4.232 234.269 207.467 5 Unrealised losses (expenses) from financial assets 046 2.666.236 0 0 0 6 Value adjustments of financial assets (net) 047 1.052.852 0 0 0 7 Other financial expenses 048 2.719 1.390 18.561 1.110 SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE 049 0 0 OF PARTICIPATING INTERESTS O 0 SHARE IN PROFIT FROM JOINT VENTURES 0 050 0 O 0 VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF 051 O 0 O PARTICIPATING INTEREST 0 VIII SHARE IN LOSS OF JOINT VENTURES 052 O 0 0 0 IX TOTAL INCOME (ADP 001+030+049 +050) 053 29.714.654 5.972.331 20.248.316 5.066.357 TOTAL EXPENDITURE (ADF 007+041+051 + 052) 034 25.864.203 4.638.189 19.531.817 4.905.448 PRE-TAX PROFIT OR LOSS (ADP 053-054) 055 3.850 451 1.334.142 716.499 160.909 1 Pre-tax profit (ADP 053-054) 056 3.850.451 1.334.142 716.499 160.909	Submitter: INSTITUT IGH D.D.			III EUR
				O

2 Pre-tax loss (ADP 054-053)	057	0	0	0	0
XII INCOME TAX	058	-1.134.843	-945.125	-130.805	-130.805
XIII PROFITOR LOSS FOR THE PERIOD (ADP 055-059)	059	4.985.294	2.279.267	847.304	291.714
1 Profit for the period (ADP 055-059)	060	4.985 294	2.279.267	847.304	291.714
2 Loss for the period (ADP 059-055)	061	0	0	0	1. 10. 11 0
DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations)
XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS (ADP 063-064)	062	0	0	0	0
1 Pre-tax profit from discontinued operations	063	0	0	0	C
2 Pre-tax loss on discontinued operations	064	0	0	0	0
XV INCOME TAX OF DISCONTINUED OPERATIONS	065	0	0	0	0
1 Discontinued operations profit for the period (ADP 062-065)	086
2 Discontinued operations loss for the period (ADP 065-062)	067
TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations)
XVI PRE-TAX PROFIT OR LOSS (ADP 055-+062)	068 .
1 Pre-tax profit (ADP 068) 2 Pre-tax loss (ADP 068)	069	0	0	0	0
XVI INCOME TAX (ADP 058+065)	070 071	0	0	0	0
XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071)	072
1 Profit for the period (ADP 068-071)	073
2 Loss for the period (ADP 071-068)	074
APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements)
XIX PROFIT OR LOSS FOR THE PERIOD (ADP 076+077)	075	0	0	0	0
1 Attributable to owners of the parent	076	O	0	0	0
2 Attributable to minority (non-controlling) interest	077	0	0	0	0
STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS)
I PROFIT OR LOSS FOR THE PERIOD II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX	078	0	0	0	0
(ADP 80+ 87)	079	0	0	0	0
III Items that will not be reclassified to profit or loss (ADP 081 to 085)	080	0	0	0
1 Changes in revaluation reserves of fixed tangible and intangible assets	081	0	0	0
2 Gains or losses from subsequent measurement of equity instruments at fair value through other comprehensive income	082	0	0	0
3 Fair value changes of financial liabilities at fair value through statement of profit or loss attributable to changes in their credit risk	083	0	0	0
4 Actuarial gains/losses on the defined benefit obligation	084	0	0	0
5 Other items that will not be reclassified	085	0	0	0
6 Income tax relating to items that will not be reclassified	086	0	0	0
IV Items that may be reclassified to profit or loss (ADP 088 to 095)	087	0	0	0
1 Exchange rate differences from translation of foreign operations	088	0	0	0
2 Gains or losses from subsequent measurement of debt securities at fair value through other comprehensive income	086	0	0	0
3 Profit or loss arising from effective cash flow hedging	090	0	0	O
4 Profit or loss arising from effective hedge of a net investment in a foreign operation	091	0	0	0	0
5 Share in other comprehensive income/loss of companies linked by virtue of participating interests	092	0	0	0	0
6 Changes in fair value of the time value of option	093	0	0
7 Changes in fair value of forward elements of forward contracts	094	0		O	0
8 Other items that may be reclassified to profit or loss			0	O	0
	095	0	0	0	0
9 Income tax relating to items that may be reclassified to profit or loss	096	0	0	0	0
V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- 086 - 096)	097	0	0	0	0
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097)	098	0	O	0	0
APPENDIX to the Statement on comprehensive in be filled in by undertakings that draw up consolidated statements)
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101)	099	0	O	0	0
1 Attributable to owners of the parent	100	0	0	O	0
2 Attributable to minority (non-controlling) interest	101	0	0	O	0

STATEMENT OF CASH FLOWS - indirect method for the period 01.01.2024 to 31.12.2024

Submitter: INSTITUT IGH D.D.			in EUR
Item	ADP code	Same period of the previous year	Current period
	N	3.	ধা
Cash flow from operating activities		1.12.308
1 Pre-tax profit	001	3.850.451	716.499
2 Adjustments (ADP 003 to 010):	0072	6.847.931	3.135.044
a) Depreciation	003	2.230.482	2.071.370
b) Gains and losses from sale and value adjustment of fixed tangible and	004	302.754	0
intangible assets c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets	005	-1.881	0
d) Interest and dividend income
e) Interest expenses	006	673.744	757
	007	-453.835	226.185
f) Provisions	008	0	0
g) Exchange rate differences (unrealised)	008	0	0
h) Other adjustments for non-cash transactions and unrealised gains and losses	010	4.096.668	836.732
Cash flow increase or decrease before changes in working capital (ADP 001+002)	011	10.698.382	3.851.543
3 Changes in the working capital (ADP 013 to 016)	012	-9.763.119	-5.360.281
a) Increase or decrease in short-term liabilities	013	-11.553.651	-45.020
b) Increase or decrease in short-term receivables	014	1.855.007	-29.584
c) Increase or decrease in inventories	015	0
d) Other increase or decrease in working capital	016	-64.475	-5.285.677
Il Cash from operations (ADP 011+012)	017	935.263	-1.508.738
4 Interest paid	018	0	0
5 Income tax paid	019	0	0
A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019)	020	935.263	-1.508.738
Cash flow from investment activities
1 Cash receipts from sales of fixed tangible and intangible assets	021	780.000	581.546
2 Cash receipts from sales of financial instruments	022	0	0
3 Interest received	023	0	0
4 Dividends received	024	0	0
5 Cash receipts from repayment of loans and deposits	025	0	0
6 Other cash receipts from investment activities	026	0	0
III Total cash receipts from investment activities (ADP 021 to 026)	027	780.000	581.546
1 Cash payments for the purchase of fixed tangible and intangible assets	023	0
2 Cash payments for the acquisition of financial instruments
3 Cash payments for loans and deposits for the period	07.9	0	0
4 Acquisition of a subsidiary, net of cash acquired	030	-367.917	0
	031	0	0
5 Other cash payments from investment activities IV Total cash payments from investment activities (ADP 028 to 032)	032	0	0
	033	-367.917	0
B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033)	034	412.083	581.546
Cash flow from financing activities
1 Cash receipts from the increase in initial (subscribed) capital	035	O	0
2 Cash receipts from the issue of equity financial instruments and debt financial instruments	036	0	0
3 Cash receipts from credit principals, loans and other borrowings	037	0	627.034
4 Other cash receipts from financing activities	038	0	0
V Total cash receipts from financing activities (ADP 035 to 038)	033	0	627.034
1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments	040	0	0
2 Cash payments for dividends	041	O	0

3 Cash payments for finance lease	042	-1.426.603	0
4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital	043		0
5 Other cash payments from financing activities	044	0	0
VI Total cash payments from financing activities (ADP 040 to 044)	045	-1.426.603	0
C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045)	046	-1.426.603	627.034
1 Unrealised exchange rate differences in respect of cash and cash equivalents	047		0
D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047)	048 =	-79.257	-300.158
E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	049	512.774	433.517
F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049)	050	433.517	133.359

1 > for the period from 1.1.2024 to ﺮ S	A Ber Fill College of ###########	0
1-198	్లో చేస్త		samily splane	ARTICAL (ABAL )	る Nor Therest weakury C
1 Balance on the first day of the previous business year 2 Changes in accounting policies revlous partod	2 % 3	15.476.106	-33.895	0	191.958	483.684		5.618.291
Correction of errors	04	15 476.105 w	-33 895 ***	0	191 958	183 584					-35 491	-35 835 433	2 DO8 65	15 1164 311	图片	49.008 171
4 Balance on the first day of the previous business year (restated) (ADP 01 to 03) Profit/loss of the period	90	11:10 2	1. 1. 20. 00									11:20	4.985.29	4.105.294		可用的机
Changes In revaluation reaerves of fixed tangible and intangible assets 6 Exchange rate differences from translation of foreign operations	07 90	1 18 0 11 0	100000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 4,62 14.00	101 1-10								5.326.706		234559		2.200 224
8 Galns or loses from subsquont measurement of financial assots at fair value through other comprehensive incorne (avaliable for sale) 9 Profit or loss arising from offectiv	08	10 11	ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤ
	09	17	్యం వైద్యశాల నిర్మాల సంఖ్య రామానిక 1 . 1 .	10-10-1 2017
10 Profit or loss arising from effective hedge of a net investment in a toreign operation 11 Share in other comprehensive incomelless of companies Inked by virtue of	10	00 ్యా	1979 10	A.A. 1. F. A. C. A. 1. F. 1. F. 1. F. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6. 1. 6 ్ల
12 Actuarial gains/losses on the defined benefit obligation	12 11		10 10 10 10	2 Sinh 20122 11:13:0
	13 11	1000		and the comparis of the contraction of the comments of		6 2 6 6 6 0					32	895.627		11135
13 Other changes in eculty unrelated to owners 14 Tex on transactions recognised directly in equily 15 Doorease in littlel (subscribed) captal (other than arising from the pr	15	-9.339,015										9.339.015
16 Decrease in Initial (subscribed) capital arising from the pro-bankruptsy sottoment	16
17 Decrease in initial (subscribed) capital arising from the reinvestment of profit ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------	17
18 Redemption of treasuly sharesinoldings 19 Revenents from mombors/shorebolders	81	-
19 Payments from members/shareholdings 19 Payments from members/shareholders 20 Payments of share in profitiolivations 21 Other direction and payments to members/shareholder	19
នត្រូវសង្គ្រង	- 1	8,677.540			.							2,008,657	-2.008.65			BBY 24
24 24 Balance on the last day of the previous provious suser revious (ADP 22 Transfer to reserves according to the annual schedulfa 23 Increase in reserves arising from the pro-bankruptcy settlement procedure	ಬ		33 895	- 11- 1- 0		483 564		2 507 022				18.50 AT	4 445 20	381455		TETTER
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by under 04 to 23)	takings that draw	14.814 630	up firmancial statements In accordance with the IFRS)		191 958				133 711
. . 25 I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX (ADP 05 to 14)			0	0				-3 011.270			121	4,722,151		3211.254		2,241,144
II comprehensive Income or Loss for THE PREVIOUS PERIOD (ADP	26	0	O	6				-3.011 270			112-1	8 122 333	4,995 20	10,105.078		n ring your
05+25)
DIRECTLY IN EQUITY (ADP 15 to 23)	27	-661 475		0								11 047 877	2.000 01	RETT SE		4 977 5-4
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1 Balance on the first day of the current business year Current parlod	-	14.814.630	-33.895	------	191.958 -----	483,564		2.507.022	133.71		-35.170	-18.265.428	4.985.294	3.01175	四川(0)	1.877 ED
Correction of enrors and entires and the superior contraction of the country 2 Changes in accounting policies	30	--------------	offer was be the law loads to and
31 Balance on the first day of the current business your (rostated) (AOP 28 to 30)		14 814 630	-33 895	0	191 958			2 507 022			-98 172	16,255 4126	v Hest Sie	3.514 Chi	41200	2 317,020
6 Exchange rate differences from translation of foreign operations:	- 32 33	and light 12 11 11/1 64.000	- - 0 k 0 8 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0	20. 00							40.044		HAT 360	になる 関連項目 関連項目 関連項目 新日本		NT 31 ന്നു. അ
Changes in revaluation reserves of fixed tangible and intangible assets	34	10 12.12	100	- - 0	- 8 8							603.271				市
6 Gains or losses from subsequent measurement of financial assets at fair value through other comprehensive income (available for 8ale) ______________________	35	್ಕರ	10 1144	,在	237
----- Profit or loss arising from effective cash flow hedge	રૂડ		9	o
10 Profit or loss arising from offective hedge of a not investment in a foreign operation	37		0	1.08
11 Share in other comprehensive incomelloss of companies linked by virtue of	3%		10 0	1000	199 7 . R. 7
i 12 Actuanal gainselesses on the collined benefit obligation 13 Other changes in equity unrelated to owners 13 Olher changes in equity unreleased to owners 14 Tax on transacti	ಜಿ ಪ್ರಕ	222 259	0 182427	1731888								-125.50		(2)
41 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy settlement procedure or from the reimestment of profit)	42	1 - 6 - 7 - 0 - 2 - 7 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1		100 2000 200	0 . 0 1172
16 Dacreese in Initial (subscribed) capital arising from the pro-bankruptcy settiernsn	43
17 Decrease in inibial (subscribed) capital arising from the reinvestment of profit rocedura
44 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ﺍ ﻣﺪﻋﻤﻴﻨﻴﺴﻴﺔ			.	- 44. 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4 . 4	4, 2017
18 Redomption of freasury sharesinoldings 19 Payments from members shareholders
2 2 2 2 2 2 20 Payment of share in profit/dividend 21 Other distributions and payments to members/shareholders				ﺎﺕ								4.985.294	-4.995.25
8 22 Camylorward per annual piane 23 Increase in reserves arising from the pro-bankruptcy settlement procedure
કા ak 1109 APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be Filled in by unde 24 Balance on the last day of the current business year reporting period (ADP 31 60 60 !	tele linancial stat that de	14.814.630	the FRSI with 11: 1 1 - 1 -33 895 In accordance	0	191 958	483 564		2 171 216	133.711		标题	-12.842.957	847 304	4723778		1100.00
I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF THE OF THE CHATAL (ADP 33 to 41)	52	0		0				335 806			40 065	477 777		81 816
II comprehensive Income or Loss for the current period (ADP 32	8							-335 806			60.066	477 777	647 30	929,22		\$29.22
III TRANSACTIONS WITH OVENERS IN THE CURRENT PERIOD RECOGNISED do 52)
10190 17 10 601 COLOT IDECTIVIM	રત											4 985 294	ಳ ಶಿಕಿನ ನ