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Jadran d.d. Interim / Quarterly Report 2025
2094_10-q_2026-02-25_33490a58-b1f7-4257-8493-fdfc2f4ed492.pdf
Interim / Quarterly Report
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Jadran Crikvenica
Hoteli i kampovi
Jadran d.d. za hotelijerstvo i turizam
Bana Jelačića 16, HR-51260 Crikvenica
T. +385 51 241 222
E: [email protected]
www.jadran-crikvenica.hr
OIB: 56994999963
MANAGEMENT REPORT
Q4 2025
Jadran Crikvenica
Hoteli i kampovi
Jadran d.d. za hotelijerstvo i turizam
Bana Jelačića 16, HR-51260 Crikvenica
T. +385 51 241 222
E: [email protected]
www.jadran-crikvenica.hr
OIB: 56994999963
CONTENT
- General information
- Company and Group business results
- Company and Group risk exposure
- Human resources
- ESG and Corporate Governance
- Research and development activities
- Company and Group own share redemption
- Significant events after the reporting period
- Appendices – Financial Statements (Unaudited)
- Statement by persons responsible for the preparation of the quarterly report
Jadran Crikvenica
Hoteli i kampovi
Jadran d.d. za hotelijerstvo i turizam
Bana Jelačića 16, HR-51260 Crikvenica
T. +385 51 241 222
E: [email protected]
www.jadran-crikvenica.hr
OIB: 56994999963
1. GENERAL INFORMATION
Corporate name
Jadran, dioničko društvo za hotelijerstvo i turizam (further referred as: “The Company”), Reg. No. (MBS): 040000817, VAT No.: 56994999963. The short corporate name is Jadran d.d.
Registered office and legal form
Jadran d.d. is a joint-stock company. Headquarter of the Company is at Bana Jelačića 16, Crikvenica, Republic of Croatia.
Securities
As of 31 December 2025, the Company’s share capital amounts to EUR 64,039,780 divided into 27,971,463 regular shares with no nominal value. The shares were issued in dematerialized form, ticker: JDRN-R-B, ISIN: HRJDRNB0002, and are held at the repository of the Central Depositary and Clearing Company.
Management Board Members:
- Zrinka Bokulić, Management Board President
- Miroslav Pelko, Management Board Member
Supervisory Board Members:
- Vice Tomaš, Chairman of the Supervisory Board
- Boris Mažurin, Deputy Chairman of the Supervisory Board
- Amir Hadžijusufović, Supervisory Board Member
- Filip Palinić Čulin, Supervisory Board Member
- Mihael Jovanović, Supervisory Board Member, representative of workers
Jadran Crikvenica
Hoteli i kampovi
Jadran d.d. za hotelijerstvo i turizam
Bana Jelačića 16, HR-51260 Crikvenica
T. +385 51 241 222
E: [email protected]
www.jadran-crikvenica.hr
OIB: 56994999963
Jadran Group comprises Jadran d. d. and its subsidiaries:
Based on the contracts concluded on February 6, 2023, the Jadran Group comprises Jadran d. d. and subsidiaries:
- Adria coast turizam d.o.o., in which Jadran d. d. holds 20 business shares having a total value of EUR 13,200.00, with individual nominal value of the business share in the amount of EUR 660.00, which represent 100% of shares and voting rights and
- Stolist d.o.o. in which Jadran d.d. holds 100% of shares.
List of Company shareholders holding 5 percent or more of the Company's share capital (status as of 31 December 2025):
- Erste & Steiermärkische Bank d.d. / PBZ CO OMF, Class B, holds 16,307,401 shares accounting for 58.30% of the Company's share capital; and
- OTP Bank d.d. / Erste Plavi OMF, Class B, holds 8,547,346 shares accounting for 30.56% of the Company's share capital.
Jadran Crikvenica
Hoteli i kampovi
Jadran d.d. za hotelijerstvo i turizam
Bana Jelačica 16, HR-51260 Crikvenica
T. +385 51 241 222
E: [email protected]
www.jadran-crikvenica.hr
OIB: 56994999963
2. COMPANY AND GROUP BUSINESS RESULTS
Company Jadran d. d. in the period from October to December 2025, achieved 66% of commercial overnights compared to the same period in 2024. In off-season (October – December), the scope of business is generally reduced (fewer tourists), so changes in tourist trends are more noticeable (i.e. a group or conference that changed its destination).
Total revenues of the Company in the fourth quarter of 2025 amounted to EUR 2,060,709 and are 22% lower than the revenues realized in the same period of 2024. Business revenues in the fourth quarter of 2025 amounted to EUR 2,038,817 and are 22% lower than the revenues realized in the same period of 2024. Financial revenues amounted to EUR 21,892 and are 36% higher than those realized in the same period in 2024.
From October to December 2025, the Company made EUR 6,393,429 in expenses, which is EUR 30.385 higher than the expenses made in the same period in 2024. Material costs amounted to EUR 1,741,927 and are 2% lower than the costs realized in 2024. Personnel costs amounted to EUR 2,634,746 and are 9% lower than the costs incurred in 2024. Depreciation amounted to EUR 1,139,052 and is 4% lower than that realized in the same period in 2024. Other expenses amounted to EUR 316,423 and are 8% higher than the expenses incurred in 2024. Provisions amounted to EUR 8,924, while in the same period of last year it amounted to EUR 16,293 more. Other business expenses amounted to EUR 167,348 and are EUR 15,.135 more than the expenses realized in the same period in 2024. Financial expenses amounted to EUR 385,009 and are 34% less than the expenses realized in 2024.
Jadran d. d. in fourth quarter realized a loss before tax in the amount of EUR -4,332,720, while in the same period in 2024 a realized loss was 14% lower. EBITDA in the fourth quarter amounted to EUR -2,792,014, while in the same period last year it was EUR -2,212,059.
Company Jadran d. d. in the period from January to December 2025, achieved 405,188 commercial overnights which is 2% more overnights than in the same period in 2024. In 2025, the Company reopened the Kaštel and Zagreb hotels for commercial accommodation, so when comparing overnights in the same capacities, the overnights achieved in 2025 were 8% lower to the overnights achieved in the previous year.
Total revenues of the Company from January to December 2025 amounted to EUR 26,682,545 and are 2% higher than the revenues realized in the same period of 2024. Business revenues amounted to EUR 26,595,747 and are 2% higher than the revenues realized in the same period of 2024. Financial revenues amounted to EUR 86,798 and EUR 47,362 more than those realized in the same period in 2024.
From January to December 2025, the Company made EUR 29,960,442 in expenses, which is 4% higher than the expenses made in the same period in 2024. Material costs amounted to EUR 11,888,378 and are 11% higher than the costs realized in 2024. Personnel costs amounted to EUR 10,305,834 and are 4% higher than the costs incurred in 2024. Depreciation amounted to EUR 4,568,448 and is 8% lower than
Jadran Crikvenica
Hoteli i kampovi
Jadran d.d. za hotelijerstvo i turizam
Bana Jelačića 16, HR-51260 Crikvenica
T. +385 51 241 222
E: [email protected]
www.jadran-crikvenica.hr
OIB: 56994999963
that realized in the same period in 2024. Other expenses amounted to EUR 1,307,771 and are 1% higher than the expenses incurred in 2024. Release of value adjustments amounted to EUR 34,722, while in 2024 there were a creation of value adjustments in the amount of EUR 25,218. Other business expenses amounted to EUR 266,865 and EUR 210,402 more than the expenses realized in the same period in 2024. Financial expenses amounted to EUR 1,657,868 and are 8% lower than the expenses realized in 2024.
Jadran d. d. from January to December realized a loss before tax in the amount of EUR -3.277.897 while in the same period in 2024 a loss before tax amounted to EUR -2,708,691. EBITDA from January to December amounted to EUR 2,872,906 while in the same period last year it was EUR 3,815,733.
In the fourth quarter of 2025, the Group achieved 66% of commercial overnights compared to the same period in 2024. In 2025, the Group reopened the Kaštel and Zagreb hotels for commercial accommodation, so when comparing overnights in the same capacities, there were 35% less overnights than the one achieved in 2024.
In the period from October to December, the Group generated a total of EUR 2,260,678 in revenue, which is 20% lower than the revenue generated in the same period in 2024. Total expenses in the fourth quarter amount to EUR 8,199,259 and are 1% lower than the expenses realized in the same period in 2024.
In the fourth quarter, a loss before tax in the amount of EUR -5,938,581 was realized, while in the same period in 2024, a loss before tax was EUR -5,420,273. EBITDA in the fourth quarter amounted to EUR 3,188,257, while in the same period last year it was EUR -2,556,002.
The Group in the period from January to December 2025, achieved 473,788 overnights which is 1% less overnights then in the same period in 2024. In 2025, the Group reopened the Kaštel and Zagreb hotels for commercial accommodation, so when comparing overnights in the same capacities, the overnights achieved in 2025 were 4% lower to the overnights achieved in the previous year.
In the period from January to December, the Group generated a total of EUR 33,298,587 in revenue, which is 5% higher than the revenue generated in the same period in 2024. Total expenses amount to EUR 38,897,039 which is 3% higher than the expenses realized in the same period in 2024.
In observed period, a loss before tax in the amount of EUR -5,598,452 was realized, while in the same period in 2024, a loss in the amount of EUR -6,007,234 was realized. From January to December EBITDA amounted to EUR 5,448,856 while in the same period last year it was EUR 5,890,730.
Jadran Crikvenica
Hoteli i kampovi
Jadran d.d. za hotelijerstvo i turizam
Bana Jelačica 16, HR-51260 Crikvenica
T. +385 51 241 222
E: [email protected]
www.jadran-crikvenica.hr
OIB: 56994999963
3. COMPANY AND GROUP RISK EXPOSURE
The most significant risks faced by the Company and the Group are as follows:
Competition risk
Competition risk in the tourism market is very high because other similar tourism destinations have invested substantial funds in the growth and development of their capacities, as well as in marketing activities focused on tourist arrivals, especially competitors in the direct environment. Among other things, competition is based on the prices, quality and substance of tourism offerings in Crikvenica Riviera, Makarska Riviera, island Brač Riviera and other domestic and foreign tourism destinations.
Currency risk
The official currency of the Company and the Group is EUR, which significantly reduced the currency risk to a minimum. The Company and the Group make most of their traffic with guests whose official currency is EUR, therefore no significant disturbances are expected that could affect the operations of the Company and the Group.
Interest rate risk
The Company and the Group are exposed to interest rate risk because they enter into loan agreements with, inter alia, variable interest rates with banks, which exposes the Company and the Group to increased risk. Rising trends of inflation rates and general levels of interest rates in international and national financial markets are actively monitored to allow the Company and the Group to respond in a timely manner in case of expected changes in interest rates on the national money market. In particular, the announcements of the central banks that create the monetary policy are actively followed, and the Company and the Group plan to harmonize their credit arrangements accordingly.
Settlement risk
Settlement risk is present in all bilateral transactions. Considering that the performance of monetary obligations to the issuers is one of the key elements necessary for uninterrupted business, the Company and the Group give high importance to this risk. The Company and the Group have established stringent procedures to minimize collection risks.
During the pandemic, war conflicts in the immediate or distant environment, certain partners may be additionally exposed to liquidity risk, which may result in increased settlement risk. In addition, settlement risk arising from executed contracts may be significantly increased in case a contract is terminated for force majeure or if free movement of persons and goods is prevented during pandemics or war conflicts in the immediate or distant environment.
Jadran Crikvenica
Hoteli i kampovi
Jadran d.d. za hotelijerstvo i turizam
Bana Jelačića 16, HR-51260 Crikvenica
T. +385 51 241 222
E: [email protected]
www.jadran-crikvenica.hr
OIB: 56994999963
Inflation risk (increases in consumer prices)
The pandemic and the disruptions in supply chains that it caused as a direct consequence had an increase in energy prices, but also the prices of other goods and services. Inflation and the increase in the purchase prices of goods and services can have an impact on the purchasing power of guests, but also on the selling prices in the facilities of the Company and the Group.
The Company and the Group achieve a large share of overnights through direct channels, thus achieving flexibility when forming final prices.
Liquidity risk
The Company and the Group manage this risk by maintaining adequate reserves and by obtaining loans from banks and using other sources of funding, by constantly monitoring planned and actual cash flows, and by comparing maturity profiles of financial assets and liabilities. The Company and the Group treat this risk as particularly important if there is increased uncertainty regarding revenue earning abilities as a result of the pandemic's adverse effects on the free movement of guests, impairment of their spending powers, and default on contracts by business partners. Liquidity risk management includes maintaining enough cash and working capital.
Risk of tax and concession legislation developments
The risk of tax and concession legislation developments is the likelihood that legislative authorities will amend tax legislation in a way that they adversely impact the Company's and Group's profitability. This risk is reflected in potential changes in tax rates and taxable assets, as well as in changes in regulations concerning concessions and concessional authorizations. The right to use a maritime domain is one of the significant conditions' precedents to further operation of the Company and the Group, so the Company and the Group have actively endeavored to establish new bases for cooperation with the local community in this segment.
Tourism industry risk
Tourism trends are largely affected by the broader political situation, growth of terrorism, the global financial crisis and the pandemic. As an industry, tourism is highly sensitive to the state of security at the destination and its surroundings. By launching the investment cycle, the Company and the Group will endeavor to minimize the impact of adverse market trends and the resulting risks.
The global financial crisis may significantly reduce the spending power of individuals inclined to traveling, whereas a pandemic and war may also significantly reduce or eliminate the effects of tourist arrivals at the Company's and Group's destination.
Environmental risk
Environmental risk may significantly affect the Company's and Group's performance, notably through the quality of the sea and coast where guests stay. Climate change may directly affect the length of stay in Company's and Group's accommodation facilities. This risk also includes other natural disasters.
Jadran Crikvenica
Hoteli i kampovi
Jadran d.d. za hotelijerstvo i turizam
Bana Jelačića 16, HR-51260 Crikvenica
T. +385 51 241 222
E: [email protected]
www.jadran-crikvenica.hr
OIB: 56994999963
4. HUMAN RESOURCES
The total number of employees on the employment contract as of December 31, 2025 in Jadran d. d. was 264 employees.
The total number of employees on the employment contract as of December 31, 2025 in Adria coast turizam d.o.o. was 28 employees.
As of December 31, 2025, in Stolist d.o.o. had no employees.
As of December 31, 2025, the Group employed 292 workers.
5. ESG AND CORPORATE GOVERNANCE
The management of the Company and the Group, considering the challenges of ESG reporting, is considering the establishment of a department that will deal with ESG practices through various aspects of business. Also, employees regularly attend training and workshops organized by various associations and companies to become more familiar with business practices.
The Company and the Group continuously monitor events in the environment and invest in market research, recognition of business opportunities and realization of new acquisitions. The Company and the Group direct and support the activities of affiliated companies.
6. RESEARCH AND DEVELOPMENT ACTIVITIES
The Company and the Group constantly monitor developments in its environment and invests in market research, identification of business opportunities, and new acquisitions. The Company and the Group direct and support its affiliate’s activities.
7. COMPANY AND GROUP OWN SHARE REDEMPTION
As of 31 December 2025, the share capital of Jadran d.d. was EUR 64,039,780 divided into and contained in 27,971,463 regular dematerialized shares with no nominal value, and the Company held 631 own shares, which accounted for 0.0023% of the Company’s share capital.
As of 31 December 2025, the share capital of Adria coast turizam d.o.o. was EUR 13,200.
As of 31 December 2025, the share capital of Stolist d.o.o. was EUR 2,654.46.
Jadran Crikvenica
Hoteli i kampovi
Jadran d.d. za hotelijerstvo i turizam
Bana Jelačića 16, HR-51260 Crikvenica
T. +385 51 241 222
E: [email protected]
www.jadran-crikvenica.hr
OIB: 56994999963
8. SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD
President of the Management Board, Mrs. Zrinka Bokulić resigned from the position of a member of the Management Board as of March 8, 2026.
On February 6, 2026, Jadran d.d. announced the Notice of Final Terms of Issue of the Commercial Papers on the official website of the Zagreb Stock Exchange.
On February 9, 2026, the Company on the official website of the Zagreb Stock Exchange issued a call for the convening of the General Assembly of the Company, which is scheduled to be held on March 23, 2026. The call was issued at the request of the shareholders of PBZ CROATIA OSIGURANJE d.d. for the management of mandatory pension funds, with its registered office in Zagreb, Radnička cesta 44, OIB: 20455535575 (hereinafter: "PBZ CO"), in its own name, and for the account (i) of PBZ CROATIA OSIGURANJE mandatory pension fund – category A, OIB: 94002620905 (hereinafter: "PBZ CO OMF A") and (ii) PBZ CROATIA OSIGURANJE mandatory pension fund – category B, OIB: 99318944138 ("PBZ CO OMF B").
The following items have been proposed for the agenda:
- Decision on repealing the Decision on the increase of the share capital and issue of ordinary shares by public offering, cash contributions, amendment of the Company's Articles of Association and listing of new shares on the regulated market as of 10 March 2025.
- Decision to initiate the process of recapitalization and finding a potential investor.
Jadran Crikvenica
Hoteli i kampovi
Jadran d.d. za hotelijerstvo i turizam
Bana Jelačića 16, HR-51260 Crikvenica
T. +385 51 241 222
E: [email protected]
www.jadran-crikvenica.hr
OIB: 56994999963
9. APPENDICES – FINANCIAL STATEMENTS (UNAUDITED)
Annex 1
ISSUER'S GENERAL DATA
Reporting period: 1.1.2025 to 31.12.2025
Year: 2025
Quarter: 4.
Quarterly financial statements
| Registration number (MB): | 03145662 | Issuer's home Member State code: | HR |
|---|---|---|---|
| Entity's registration number (MBS): | 040000817 | ||
| Personal identification number (OIB): | 56994999963 | LEI: | 74780030Q33IX8LEE969 |
| Institution code: | 1285 | ||
| Name of the issuer: | JADRAN d.d. | ||
| Postcode and town: | 51260 | CRIKVENICA | |
| Street and house number: | BANA JELAČIĆA 16 | ||
| E-mail address: | [email protected] | ||
| Web address: | www.jadran-crikvenica.hr | ||
| Number of employees (end of the reporting) | 264 | ||
| Consolidated report: | KN | (KN-not consolidated/KD-consolidated) | |
| Audited: | RN | (RN-not audited/RD-audited) | |
| Names of subsidiaries (according to IFRS): | Registered office: | MB: | |
Bookkeeping firm: No (Yes/No)
(name of the bookkeeping firm)
Contact person: NATALI IVANČIĆ MAJETIĆ
(only name and surname of the contact person)
Telephone: 051/800-482
E-mail address: [email protected]
Audit firm:
(name of the audit firm)
Certified auditor:
(name and surname)
BALANCE SHEET
balance as at 31.12.2025.
in EUR
| Submitter: JADRAN d.d.-non consolidated | |||
|---|---|---|---|
| Item | ADP code | Last day of the preceding business year | At the reporting date of the current period |
| 1 | 2 | 3 | 4 |
| A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID | 001 | 0 | 0 |
| B) FIXED ASSETS (ADP 003+010+020+031+036) | 002 | 109,066,803 | 108,201,853 |
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 6,831,639 | 5,814,822 |
| 1 Research and development | 004 | 0 | 0 |
| 2 Concessions, patents, licences, trademarks, software and other rights | 005 | 181,323 | 80,666 |
| 3 Goodwill | 006 | 0 | 0 |
| 4 Advances for the purchase of intangible assets | 007 | 0 | 0 |
| 5 Intangible assets in preparation | 008 | 0 | 0 |
| 6 Other intangible assets | 009 | 6,650,316 | 5,734,156 |
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 76,933,026 | 75,267,846 |
| 1 Land | 011 | 31,739,392 | 31,730,751 |
| 2 Buildings | 012 | 31,770,983 | 31,511,280 |
| 3 Plant and equipment | 013 | 8,439,651 | 7,061,902 |
| 4 Tools, working inventory and transportation assets | 014 | 0 | 0 |
| 5 Biological assets | 015 | 140,415 | 353,136 |
| 6 Advances for the purchase of tangible assets | 016 | 0 | 0 |
| 7 Tangible assets in preparation | 017 | 450,617 | 202,358 |
| 8 Other tangible assets | 018 | 0 | 0 |
| 9 Investment property | 019 | 4,391,968 | 4,408,419 |
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 23,071,510 | 24,930,970 |
| 1 Investments in holdings (shares) of undertakings within the group | 021 | 23,071,510 | 23,071,510 |
| 2 Investments in other securities of undertakings within the group | 022 | 0 | 0 |
| 3 Loans, deposits, etc. to undertakings within the group | 023 | 0 | 1,859,460 |
| 4 Investments in holdings (shares) of companies linked by virtue of participating interests | 024 | 0 | 0 |
| 5 Investment in other securities of companies linked by virtue of participating interests | 025 | 0 | 0 |
| 6 Loans, deposits etc. to companies linked by virtue of participating interests | 026 | 0 | 0 |
| 7 Investments in securities | 027 | 0 | 0 |
| 8 Loans, deposits, etc. given | 028 | 0 | 0 |
| 9 Other investments accounted for using the equity method | 029 | 0 | 0 |
| 10 Other fixed financial assets | 030 | 0 | 0 |
| IV RECEIVABLES (ADP 032 to 035) | 031 | 0 | 0 |
| 1 Receivables from undertakings within the group | 032 | 0 | 0 |
| 2 Receivables from companies linked by virtue of participating interests | 033 | 0 | 0 |
| 3 Customer receivables | 034 | 0 | 0 |
| 4 Other receivables | 035 | 0 | 0 |
| V DEFERRED TAX ASSETS | 036 | 2,230,628 | 2,188,215 |
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 5,067,175 | 2,724,106 |
| I INVENTORIES (ADP 039 to 045) | 038 | 126,025 | 155,511 |
| 1 Raw materials and consumables | 039 | 122,107 | 151,306 |
| 2 Work in progress | 040 | 0 | 0 |
| 3 Finished goods | 041 | 0 | 0 |
| 4 Merchandise | 042 | 3,918 | 4,205 |
| 5 Advances for inventories | 043 | 0 | 0 |
| 6 Fixed assets held for sale | 044 | 0 | 0 |
| 7 Biological assets | 045 | 0 | 0 |
| II RECEIVABLES (ADP 047 to 052) | 046 | 1,104,394 | 814,695 |
| 1 Receivables from undertakings within the group | 047 | 64,805 | 24,330 |
| 2 Receivables from companies linked by virtue of participating interests | 048 | 0 | 0 |
| 3 Customer receivables | 049 | 476,829 | 283,195 |
| 4 Receivables from employees and members of the undertaking | 050 | 9,331 | 6,800 |
| 5 Receivables from government and other institutions | 051 | 168,754 | 179,696 |
| 6 Other receivables | 052 | 384,675 | 320,674 |
|---|---|---|---|
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 1,940,069 | 165,421 |
| 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 | 056 | 1,940,069 | 165,421 |
| 4 Investments in holdings (shares) of companies linked by virtue of participating interests | 057 | 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 | 060 | 0 | 0 |
| 8 Loans, deposits, etc. given | 061 | 0 | 0 |
| 9 Other financial assets | 062 | 0 | 0 |
| IV CASH AT BANK AND IN HAND | 063 | 1,896,687 | 1,588,479 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 266,895 | 222,707 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 114,400,873 | 111,148,666 |
| OFF-BALANCE SHEET ITEMS | 066 | 0 | 0 |
| LIABILITIES | |||
| A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+083+086+089) | 067 | 69,425,357 | 66,105,047 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 64,039,780 | 64,039,780 |
| II CAPITAL RESERVES | 069 | 3,371,336 | 3,371,336 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 0 | 0 |
| 1 Legal reserves | 071 | 0 | 0 |
| 2 Reserves for treasury shares | 072 | 0 | 0 |
| 3 Treasury shares and holdings (deductible item) | 073 | 0 | 0 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 0 | 0 |
| IV REVALUATION RESERVES | 076 | 27,713,796 | 27,713,796 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 077 | 0 | 0 |
| 1 Financial assets at fair value through other comprehensive income (i.e. available for sale) | 078 | 0 | 0 |
| 2 Cash flow hedge - effective portion | 079 | 0 | 0 |
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | 0 | 0 |
| 4 Other fair value reserves | 081 | 0 | 0 |
| 5 Exchange differences arising from the translation of foreign operations (consolidation) | 082 | 0 | 0 |
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-085) | 083 | -23,020,941 | -25,699,555 |
| 1 Retained profit | 084 | 0 | 0 |
| 2 Loss brought forward | 085 | 23,020,941 | 25,699,555 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | -2,678,614 | -3,320,310 |
| 1 Profit for the business year | 087 | 0 | 0 |
| 2 Loss for the business year | 088 | 2,678,614 | 3,320,310 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 0 | 0 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 177,011 | 123,289 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | 62,997 | 71,921 |
| 2 Provisions for tax liabilities | 092 | 0 | 0 |
| 3 Provisions for ongoing legal cases | 093 | 114,014 | 51,368 |
| 4 Provisions for renewal of natural resources | 094 | 0 | 0 |
| 5 Provisions for warranty obligations | 095 | 0 | 0 |
| 6 Other provisions | 096 | 0 | 0 |
| C) LONG-TERM LIABILITIES (ADP 098 to 108) | 097 | 35,716,796 | 38,261,180 |
| 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 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 103 | 25,874,396 | 29,705,724 |
| 7 Liabilities for advance payments | 104 | 0 | 0 |
| 8 Liabilities to suppliers | 105 | 0 | 0 |
| 9 Liabilities for securities | 106 | 0 | 0 |
|---|---|---|---|
| 10 Other long-term liabilities | 107 | 9,842,400 | 8,555,456 |
| 11 Deferred tax liability | 108 | 0 | 0 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 8,997,217 | 6,584,308 |
| 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 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests | 113 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 114 | 51,863 | 56,565 |
| 6 Liabilities to banks and other financial institutions | 115 | 4,590,122 | 3,011,791 |
| 7 Liabilities for advance payments | 116 | 461,597 | 353,614 |
| 8 Liabilities to suppliers | 117 | 1,410,393 | 812,696 |
| 9 Liabilities for securities | 118 | 0 | 0 |
| 10 Liabilities to employees | 119 | 821,206 | 740,566 |
| 11 Taxes, contributions and similar liabilities | 120 | 331,220 | 258,925 |
| 12 Liabilities arising from the share in the result | 121 | 0 | 0 |
| 13 Liabilities arising from fixed assets held for sale | 122 | 0 | 0 |
| 14 Other short-term liabilities | 123 | 1,330,816 | 1,350,151 |
| E) ACCRUALS AND DEFERRED INCOME | 124 | 84,492 | 74,842 |
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) | 125 | 114,400,873 | 111,148,666 |
| G) OFF-BALANCE SHEET ITEMS | 126 | 0 | 0 |
STATEMENT OF PROFIT OR LOSS
for the period 1.1.2025. to 31.12.2025.
in EUR
Submitter: JADRAN d.d.-non consolidated
| Item | ADP code | Same period of the previous year | Current period | ||
|---|---|---|---|---|---|
| Cumulative | Quarter | Cumulative | Quarter | ||
| 1 | 2 | 3 | 4 | 5 | 6 |
| I OPERATING INCOME (ADP 002 to 006) | 001 | 26,128,896 | 2,621,739 | 26,595,747 | 2,038,817 |
| 1 Income from sales with undertakings within the group | 002 | 0 | 0 | 0 | 0 |
| 2 Income from sales (outside group) | 003 | 24,169,596 | 1,964,448 | 24,826,034 | 1,538,282 |
| 3 Income from the use of own products, goods and services | 004 | 0 | 0 | 0 | 0 |
| 4 Other operating income with undertakings within the group | 005 | 510,089 | 83,204 | 540,158 | 91,441 |
| 5 Other operating income (outside the group) | 006 | 1,449,211 | 574,087 | 1,229,555 | 409,094 |
| II OPERATING EXPENSES (ADP 06+009+013+017+018+019+022+029) | 007 | 27,074,832 | 5,839,698 | 28,302,574 | 6,008,420 |
| 1 Changes in inventories of work in progress and finished goods | 008 | 0 | 0 | 0 | 0 |
| 2 Material costs (ADP 010 to 012) | 009 | 10,744,781 | 1,773,996 | 11,888,378 | 1,741,927 |
| a) Costs of raw materials and consumables | 010 | 5,263,482 | 699,504 | 5,356,193 | 635,134 |
| b) Costs of goods sold | 011 | 37,830 | 1,439 | 33,627 | 1,223 |
| c) Other external costs | 012 | 5,443,469 | 1,073,053 | 6,498,558 | 1,105,570 |
| 3 Staff costs (ADP 014 to 016) | 013 | 9,875,503 | 2,415,413 | 10,305,834 | 2,634,746 |
| a) Net salaries and wages | 014 | 6,498,185 | 1,620,823 | 7,025,865 | 1,920,304 |
| b) Tax and contributions from salary costs | 015 | 2,127,666 | 497,612 | 2,105,670 | 457,576 |
| c) Contributions on salaries | 016 | 1,249,652 | 296,978 | 1,174,299 | 256,866 |
| 4 Depreciation | 017 | 4,944,160 | 1,181,279 | 4,568,448 | 1,139,052 |
| 5 Other costs | 018 | 1,288,804 | 291,677 | 1,307,771 | 316,423 |
| 6 Value adjustments (ADP 020+021) | 019 | 139,903 | 139,903 | 0 | 0 |
| a) fixed assets other than financial assets | 020 | 139,903 | 139,903 | 0 | 0 |
| b) current assets other than financial assets | 021 | 0 | 0 | 0 | 0 |
| 7 Provisions (ADP 023 to 028) | 022 | 25,218 | 25,217 | -34,722 | 8,924 |
| a) Provisions for pensions, termination benefits and similar obligations | 023 | -8,855 | -8,856 | 8,924 | 8,924 |
| b) Provisions for tax liabilities | 024 | 0 | 0 | 0 | 0 |
| c) Provisions for ongoing legal cases | 025 | 34,073 | 34,073 | -43,646 | 0 |
| d) Provisions for renewal of natural resources | 026 | 0 | 0 | 0 | 0 |
| e) Provisions for warranty obligations | 027 | 0 | 0 | 0 | 0 |
| f) Other provisions | 028 | 0 | 0 | 0 | 0 |
| 8 Other operating expenses | 029 | 56,463 | 12,213 | 266,865 | 167,348 |
| III FINANCIAL INCOME (ADP 031 to 040) | 030 | 39,436 | 16,143 | 86,798 | 21,892 |
| 1 Income from investments in holdings (shares) of undertakings within the group | 031 | 0 | 0 | 0 | 0 |
| 2 Income from investments in holdings (shares) of companies linked by virtue of participating interests | 032 | 0 | 0 | 0 | 0 |
| 3 Income from other long-term financial investment and loans granted to undertakings within the group | 033 | 0 | 0 | 0 | 0 |
| 4 Other interest income from operations with undertakings within the group | 034 | 39,009 | 15,966 | 86,429 | 21,785 |
| 5 Exchange rate differences and other financial income from operations with undertakings within the group | 035 | 0 | 0 | 0 | 0 |
| 6 Income from other long-term financial investments and loans | 036 | 0 | 0 | 0 | 0 |
| 7 Other interest income | 037 | 427 | 148 | 369 | 107 |
| 8 Exchange rate differences and other financial income | 038 | 0 | 29 | 0 | 0 |
| 9 Unrealised gains (income) from financial assets | 039 | 0 | 0 | 0 | 0 |
| 10 Other financial income | 040 | 0 | 0 | 0 | 0 |
| IV FINANCIAL EXPENSES (ADP 042 to 048) | 041 | 1,802,191 | 584,116 | 1,657,868 | 385,009 |
| 1 Interest expenses and similar expenses with undertakings within the group | 042 | 0 | 0 | 0 | 0 |
| 2 Exchange rate differences and other expenses from operations with undertakings within the group | 043 | 0 | 0 | 0 | 0 |
| 3 Interest expenses and similar expenses | 044 | 1,619,701 | 408,707 | 1,669,153 | 423,546 |
| 4 Exchange rate differences and other expenses | 045 | 0 | 1 | 0 | 0 |
| 5 Unrealised losses (expenses) from financial assets | 046 | 0 | 0 | 0 | 0 |
| 6 Value adjustments of financial assets (net) | 047 | 182,490 | 175,408 | -11,285 | -38,537 |
| 7 Other financial expenses | 048 | 0 | 0 | 0 | 0 |
| V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VIRTUE OF PARTICIPATING INTERESTS | 049 | 0 | 0 | 0 | 0 |
| VI SHARE IN PROFIT FROM JOINT VENTURES | 050 | 0 | 0 | 0 | 0 |
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF PARTICIPATING INTEREST | 051 | 0 | 0 | 0 | 0 |
| VIII SHARE IN LOSS OF JOINT VENTURES | 052 | 0 | 0 | 0 | 0 |
| IX TOTAL INCOME (ADP 001+030+049 +050) | 053 | 26,168,332 | 2,637,882 | 26,682,545 | 2,060,709 |
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052) | 054 | 28,877,023 | 6,423,814 | 29,960,442 | 6,393,429 |
| XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 055 | -2,708,691 | -3,785,932 | -3,277,897 | -4,332,720 |
| 1 Pre-tax profit (ADP 053-054) | 056 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss (ADP 054-053) | 057 | -2,708,691 | -3,785,932 | -3,277,897 | -4,332,720 |
| XII INCOME TAX | 058 | -30,077 | 0 | 42,413 | 28,019 |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | -2,678,614 | -3,785,932 | -3,320,310 | -4,360,739 |
| 1 Profit for the period (ADP 055-059) | 060 | 0 | 0 | 0 | 0 |
| 2 Loss for the period (ADP 059-055) | 061 | -2,678,614 | -3,785,932 | -3,320,310 | -4,360,739 |
| 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 | 0 |
| 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) | 066 | 0 | 0 | 0 | 0 |
| 2 Discontinued operations loss for the period (ADP 065-062) | 067 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 |
| 1 Pre-tax profit (ADP 068) | 069 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss (ADP 068) | 070 | 0 | 0 | 0 | 0 |
| XVII INCOME TAX (ADP 058+065) | 071 | 0 | 0 | 0 | 0 |
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) | 072 | 0 | 0 | 0 | 0 |
| 1 Profit for the period (ADP 068-071) | 073 | 0 | 0 | 0 | 0 |
| 2 Loss for the period (ADP 071-068) | 074 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 |
| 2 Attributable to minority (non-controlling) interest | 077 | 0 | 0 | 0 | 0 |
| STATEMENT OF OTHER COMPREHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | |||||
| I PROFIT OR LOSS FOR THE PERIOD | 078 | -2,678,614 | -3,785,932 | -3,320,310 | -4,360,739 |
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (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 | 0 |
| 1 Changes in revaluation reserves of fixed tangible and intangible assets | 081 | 0 | 0 | 0 | 0 |
| 2 Gains or losses from subsequent measurement of equity instruments at fair value through other comprehensive income | 082 | 0 | 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 | 0 |
| 4 Actuarial gains/losses on the defined benefit obligation | 084 | 0 | 0 | 0 | 0 |
| 5 Other items that will not be reclassified | 085 | 0 | 0 | 0 | 0 |
| 6 Income tax relating to items that will not be reclassified | 086 | 0 | 0 | 0 | 0 |
| IV Items that may be reclassified to profit or loss (ADP 088 to 095) | 087 | ||||
| 1 Exchange rate differences from translation of foreign operations | 088 | 0 | 0 | 0 | 0 |
| 2 Gains or losses from subsequent measurement of debt securities at fair value through other comprehensive income | 089 | 0 | 0 | 0 | 0 |
| 3 Profit or loss arising from effective cash flow hedging | 090 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 |
| 7 Changes in fair value of forward elements of forward contracts | 094 | 0 | 0 | 0 | 0 |
| 8 Other items that may be reclassified to profit or loss | 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 | -2,678,614 | -3,785,932 | -3,320,310 | -4,360,739 |
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) | |||||
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101) | 099 | -2,678,614 | -3,785,932 | -3,320,310 | -4,360,739 |
| 1 Attributable to owners of the parent | 100 | -2,678,614 | -3,785,932 | -3,320,310 | -4,360,739 |
| 2 Attributable to minority (non-controlling) interest | 101 | 0 | 0 | 0 | 0 |
STATEMENT OF CASH FLOWS - indirect method
for the period 1.1.2025. to 31.12.2025.
in EUR
| Submitter: JADRAN d.d.-non consolidated | |||
|---|---|---|---|
| Item | ADP code | Same period of the previous year | Current period |
| 1 | 2 | 3 | 4 |
| Cash flow from operating activities | |||
| 1 Pre-tax profit | 001 | -2,708,691 | -3,277,897 |
| 2 Adjustments (ADP 003 to 010): | 002 | 6,872,036 | 6,173,629 |
| a) Depreciation | 003 | 4,944,160 | 4,568,448 |
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets | 004 | 139,903 | 0 |
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets | 005 | 182,490 | -11,285 |
| d) Interest and dividend income | 006 | -39,436 | -86,798 |
| e) Interest expenses | 007 | 1,619,701 | 1,669,153 |
| f) Provisions | 008 | 25,218 | -34,722 |
| g) Exchange rate differences (unrealised) | 009 | 0 | 0 |
| h) Other adjustments for non-cash transactions and unrealised gains and losses | 010 | 0 | 68,833 |
| I Cash flow increase or decrease before changes in working capital (ADP 001+002) | 011 | 4,163,345 | 2,895,732 |
| 3 Changes in the working capital (ADP 013 to 016) | 012 | 583,007 | -495,121 |
| a) Increase or decrease in short-term liabilities | 013 | 479,569 | -957,741 |
| b) Increase or decrease in short-term receivables | 014 | -304,424 | 300,984 |
| c) Increase or decrease in inventories | 015 | -44,959 | -29,486 |
| d) Other increase or decrease in working capital | 016 | 452,821 | 191,122 |
| II Cash flow operations (ADP 011+012) | 017 | 4,746,352 | 2,400,611 |
| 4 Interest paid | 018 | -1,598,300 | -1,683,509 |
| 5 Income tax paid | 019 | 0 | 0 |
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 3,148,052 | 717,102 |
| Cash flow from investment activities | |||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 118,882 | 27,863 |
| 2 Cash receipts from sales of financial instruments | 022 | 0 | 0 |
| 3 Interest received | 023 | 381 | 369 |
| 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 | 119,263 | 28,232 |
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -1,249,343 | -1,955,239 |
| 2 Cash payments for the acquisition of financial instruments | 029 | 0 | 0 |
| 3 Cash payments for loans and deposits for the period | 030 | -1,483,000 | 0 |
| 4 Acquisition of a subsidiary, net of cash acquired | 031 | 0 | 0 |
| 5 Other cash payments from investment activities | 032 | 0 | 0 |
| IV Total cash payments from investment activities (ADP 028 to 032) | 033 | -2,732,343 | -1,955,239 |
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -2,613,080 | -1,927,007 |
| Cash flow from financing activities | |||
| 1 Cash receipts from the increase in initial (subscribed) capital | 035 | 0 | 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 | 10,350,000 | 8,000,000 |
| 4 Other cash receipts from financing activities | 038 | 0 | 0 |
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 10,350,000 | 8,000,000 |
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments | 040 | -7,221,252 | -5,732,647 |
| 2 Cash payments for dividends | 041 | 0 | 0 |
| 3 Cash payments for finance lease | 042 | -1,289,659 | -1,365,656 |
|---|---|---|---|
| 4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital | 043 | 0 | 0 |
| 5 Other cash payments from financing activities | 044 | -1,500,000 | 0 |
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -10,010,911 | -7,098,303 |
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | 339,089 | 901,697 |
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents | 047 | 0 | 0 |
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) | 048 | 874,061 | -308,208 |
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 049 | 1,022,626 | 1,896,687 |
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) | 050 | 1,896,687 | 1,588,479 |
STATEMENT OF CHANGES IN EQUITY
for the period from 1/1/2021 to 31/12/2021
in EUR
| Item | Date used | Amount of tax revenue (million) | Capital (revenue) | Legal (revenue) | Financial services (income) | Personal allowances for exchange (income) | Earnings (income) | Other revenues | Receivables | Receivables (income) | Cost of goods (income) (increase) (increase) (increase) (increase) | Adjustments to tax revenue | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | Interest paid | Interest paid | Interest paid | Interest paid | Interest paid | Interest paid | ||||||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.2 | ||||||||||||||||||
| 1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2.1.2 | ||||||||||||||||||
| 1.3.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.2 | ||||||||||||||||||
| 1.4.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.2 | ||||||||||||||||||
| 1.5.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.2 |
NOTES TO FINANCIAL STATEMENTS - TFI
(drawn up for quarterly reporting periods)
Name of the issuer: JADRAN d.d.
Personal identification number (OIB): 56994999963
Reporting period: 01.01.2025...31.12.2025.
Notes to financial statements for quarterly periods include:
a) explanation of business events relevant to understanding changes in the statement of financial position and financial performance for the reporting semi-annual period of the issuer with respect to the last business year: information is provided regarding these events and relevant information published in the last annual financial statement is updated (items 15 to 15C IAS 34 - Interim financial reporting)
b) information on the access to the latest annual financial statements, for the purpose of understanding information published in the notes to financial statements drawn up for the semi-annual reporting period
c) a statement explaining that the same accounting policies are applied while drawing up financial statements for the semi-annual reporting period as in the latest annual financial statements or, in the case where the accounting policies have changed, a description of the nature and effect of the changes (item 16.A (a) IAS 34 - Interim financial reporting)
d) a description of the financial performance in the case of the issuer whose business is seasonal (items 37 and 38 IAS 34 - Interim financial reporting)
e) other comments prescribed by IAS 34 - Interim financial reporting
f) in the notes to quarterly periods financial statements, in addition to the information stated above, information in respect of the following matters shall be disclosed:
-
undertaking's name, registered office (address), legal form, country of establishment, entity's registration number and, if applicable, the indication whether the undertaking is undergoing liquidation, bankruptcy proceedings, shortened termination proceedings or extraordinary administration
-
adopted accounting policies (only an indication of whether there has been a change from the previous period)
-
the total amount of any financial commitments, guarantees or contingencies that are not included in the balance sheet, and an indication of the nature and form of any valuable security which has been provided; any commitments concerning pensions of the undertaking within the group or company linked by virtue of participating interest shall be disclosed separately
-
the amount and nature of individual items of income or expenditure which are of exceptional size or incidence
-
amounts owed by the undertaking and falling due after more than five years, as well as the total debts of the undertaking covered by valuable security furnished by the undertaking, specifying the type and form of security
-
average number of employees during the financial year
-
where, in accordance with the regulations, the undertaking capitalised on the cost of salaries in part or in full, information on the amount of the total cost of employees during the year broken down into the amount directly debiting the costs of the period and the amount capitalised on the value of the assets during the period, showing separately the total amount of net salaries and the amount of taxes, contributions from salaries and contributions on salaries
-
where a provision for deferred tax is recognised in the balance sheet, the deferred tax balances at the end of the financial year, and the movement in those balances during the financial year
-
the name and registered office of each of the undertakings in which the undertaking, either itself or through a person acting in their own name but on the undertaking's behalf, holds a participating interest, showing the proportion of the capital held, the amount of capital and reserves, and the profit or loss for the latest financial year of the undertaking concerned for which financial statements have been adopted; the information concerning capital and reserves and the profit or loss may be omitted where the undertaking concerned does not publish its balance sheet and is not controlled by another undertaking
-
the number and the nominal value or, in the absence of a nominal value, the accounting par value of the shares subscribed during the financial year within the limits of the authorised capital
-
the existence of any participation certificates, convertible debentures, warrants, options or similar securities or rights, with an indication of their number and the rights they confer
-
the name, registered office and legal form of each of the undertakings of which the undertaking is a member having unlimited liability
-
the name and registered office of the undertaking which draws up the consolidated financial statements of the largest group of undertakings of which the undertaking forms part as a controlled group member
-
the name and registered office of the undertaking which draws up the consolidated financial statements of the smallest group of undertakings of which the undertaking forms part as a controlled group member and which is also included in the group of undertakings referred to in point 13
-
the place where copies of the consolidated financial statements referred to in points 13 and 14 may be obtained, provided that they are available
-
the nature and business purpose of the undertaking's arrangements that are not included in the balance sheet and the financial impact on the undertaking of those arrangements, provided that the risks or benefits arising from such arrangements are material and in so far as the disclosure of such risks or benefits is necessary for the purposes of assessing the financial position of the undertaking
-
the nature and the financial effect of material events arising after the balance sheet date which are not reflected in the profit and loss account or balance sheet
Annex 1
ISSUER'S GENERAL DATA
Reporting period: 1.1.2025 to 31.12.2025
Year: 2025
Quarter: 4.
Quarterly financial statements
Registration number (MB): 03145662
Issuer's home Member: HR
State code: HR
Entity's registration number (MBS): 040000817
Personal identification number (OIB): 56994999963
LEI: 74780030Q33IX8LEE969
Institution code: 1285
Name of the issuer: JADRAN d.d.
Postcode and town: 51260
CRIKVENICA
Street and house number: BANA JELAČIĆA 16
E-mail address: [email protected]
Web address: www.jadran-crikvenica.hr
Number of employees (end of the reporting): 292
Consolidated report: KD (KN-not consolidated/KD-consolidated)
Audited: RN (RN-not audited/RD-audited)
Names of subsidiaries (according to IFRS): Registered office: MB:
| STOLIST D.O.O. | CRIKVENICA, FRANKOPANSKA 22 | 2741865 |
|---|---|---|
| ADRIA COAST TURIZAM D.O.O. | CRIKVENICA, BANA JELAČIĆA 16 | 4628233 |
Bookkeeping firm: No (Yes/No)
(name of the bookkeeping firm)
Contact person: NATALI IVANČIĆ MAJETIĆ
(only name and surname of the contact person)
Telephone: 051/800-482
E-mail address: [email protected]
Audit firm:
(name of the audit firm)
Certified auditor:
(name and surname)
BALANCE SHEET
balance as at 31.12.2025
in EUR
| Submitter: JADRAN d.d.-consolidated | |||
|---|---|---|---|
| Item | ADP code | Last day of the preceding business year | At the reporting date of the current period |
| 1 | 2 | 3 | 4 |
| A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID | 001 | 0 | 0 |
| B) FIXED ASSETS (ADP 003+010+020+031+036) | 002 | 128,714,724 | 122,512,361 |
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 7,544,253 | 6,511,666 |
| 1 Research and development | 004 | 0 | 0 |
| 2 Concessions, patents, licences, trademarks, software and other rights | 005 | 194,181 | 99,610 |
| 3 Goodwill | 006 | 489,331 | 489,331 |
| 4 Advances for the purchase of intangible assets | 007 | 0 | 0 |
| 5 Intangible assets in preparation | 008 | 0 | 0 |
| 6 Other intangible assets | 009 | 6,860,741 | 5,922,725 |
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 118,809,771 | 113,682,408 |
| 1 Land | 011 | 35,729,735 | 35,721,094 |
| 2 Buildings | 012 | 62,055,532 | 60,189,824 |
| 3 Plant and equipment | 013 | 15,850,782 | 12,704,242 |
| 4 Tools, working inventory and transportation assets | 014 | 0 | 0 |
| 5 Biological assets | 015 | 311,393 | 456,471 |
| 6 Advances for the purchase of tangible assets | 016 | 0 | 0 |
| 7 Tangible assets in preparation | 017 | 470,361 | 202,358 |
| 8 Other tangible assets | 018 | 0 | 0 |
| 9 Investment property | 019 | 4,391,968 | 4,408,419 |
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 130,072 | 130,072 |
| 1 Investments in holdings (shares) of undertakings within the group | 021 | 0 | 0 |
| 2 Investments in other securities of undertakings within the group | 022 | 0 | 0 |
| 3 Loans, deposits, etc. to undertakings within the group | 023 | 0 | 0 |
| 4. Investments in holdings (shares) of companies linked by virtue of participating interests | 024 | 0 | 0 |
| 5 Investment in other securities of companies linked by virtue of participating interests | 025 | 0 | 0 |
| 6 Loans, deposits etc. to companies linked by virtue of participating interests | 026 | 0 | 0 |
| 7 Investments in securities | 027 | 0 | 0 |
| 8 Loans, deposits, etc. given | 028 | 130,072 | 130,072 |
| 9 Other investments accounted for using the equity method | 029 | 0 | 0 |
| 10 Other fixed financial assets | 030 | 0 | 0 |
| IV RECEIVABLES (ADP 032 to 035) | 031 | 0 | 0 |
| 1 Receivables from undertakings within the group | 032 | 0 | 0 |
| 2 Receivables from companies linked by virtue of participating interests | 033 | 0 | 0 |
| 3 Customer receivables | 034 | 0 | 0 |
| 4 Other receivables | 035 | 0 | 0 |
| V DEFERRED TAX ASSETS | 036 | 2,230,628 | 2,188,215 |
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 4,000,018 | 4,161,247 |
| I INVENTORIES (ADP 039 to 045) | 038 | 152,506 | 179,534 |
| 1 Raw materials and consumables | 039 | 147,931 | 174,027 |
| 2 Work in progress | 040 | 0 | 0 |
| 3 Finished goods | 041 | 0 | 0 |
| 4 Merchandise | 042 | 4,575 | 5,507 |
| 5 Advances for inventories | 043 | 0 | 0 |
| 6 Fixed assets held for sale | 044 | 0 | 0 |
| 7 Biological assets | 045 | 0 | 0 |
| II RECEIVABLES (ADP 047 to 052) | 046 | 1,149,433 | 921,388 |
| 1 Receivables from undertakings within the group | 047 | 0 | 0 |
| 2 Receivables from companies linked by virtue of participating interests | 048 | 0 | 0 |
| 3 Customer receivables | 049 | 494,489 | 311,212 |
| 4 Receivables from employees and members of the undertaking | 050 | 24,656 | 6,800 |
| 5 Receivables from government and other institutions | 051 | 220,727 | 229,424 |
| 6 Other receivables | 052 | 409,561 | 373,952 |
|---|---|---|---|
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 0 | 0 |
| 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 | 056 | 0 | 0 |
| 4 Investments in holdings (shares) of companies linked by virtue of participating interests | 057 | 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 | 060 | 0 | 0 |
| 8 Loans, deposits, etc. given | 061 | 0 | 0 |
| 9 Other financial assets | 062 | 0 | 0 |
| IV CASH AT BANK AND IN HAND | 063 | 2,698,079 | 3,060,325 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 251,534 | 237,060 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 132,966,276 | 126,910,668 |
| OFF-BALANCE SHEET ITEMS | 066 | 0 | 0 |
| LIABILITIES | |||
| A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+083+086+089) | 067 | 62,847,924 | 57,364,074 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 64,039,780 | 64,039,780 |
| II CAPITAL RESERVES | 069 | 3,371,336 | 3,371,336 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 0 | 0 |
| 1 Legal reserves | 071 | 0 | 0 |
| 2 Reserves for treasury shares | 072 | 0 | 0 |
| 3 Treasury shares and holdings (deductible item) | 073 | 0 | 0 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 0 | 0 |
| IV REVALUATION RESERVES | 076 | 27,713,796 | 27,713,796 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 077 | 0 | 0 |
| 1 Financial assets at fair value through other comprehensive income (i.e. available for sale) | 078 | 0 | 0 |
| 2 Cash flow hedge - effective portion | 079 | 0 | 0 |
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | 0 | 0 |
| 4 Other fair value reserves | 081 | 0 | 0 |
| 5 Exchange differences arising from the translation of foreign operations (consolidation) | 082 | 0 | 0 |
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-085) | 083 | -26,463,151 | -32,276,988 |
| 1 Retained profit | 084 | 0 | 0 |
| 2 Loss brought forward | 085 | 26,463,151 | 32,276,988 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | -5,813,837 | -5,483,850 |
| 1 Profit for the business year | 087 | 0 | 0 |
| 2 Loss for the business year | 088 | 5,813,837 | 5,483,850 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 0 | 0 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 178,247 | 125,914 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | 64,233 | 74,546 |
| 2 Provisions for tax liabilities | 092 | 0 | 0 |
| 3 Provisions for ongoing legal cases | 093 | 114,014 | 51,368 |
| 4 Provisions for renewal of natural resources | 094 | 0 | 0 |
| 5 Provisions for warranty obligations | 095 | 0 | 0 |
| 6 Other provisions | 096 | 0 | 0 |
| C) LONG-TERM LIABILITIES (ADP 098 to 108) | 097 | 59,992,240 | 61,740,676 |
| 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 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 103 | 48,007,034 | 51,214,631 |
| 7 Liabilities for advance payments | 104 | 0 | 0 |
| 8 Liabilities to suppliers | 105 | 0 | 0 |
| 9 Liabilities for securities | 106 | 0 | 0 |
|---|---|---|---|
| 10 Other long-term liabilities | 107 | 10,037,076 | 8,734,930 |
| 11 Deferred tax liability | 108 | 1,948,130 | 1,791,115 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 9,863,373 | 7,605,162 |
| 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 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests | 113 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 114 | 51,863 | 56,565 |
| 6 Liabilities to banks and other financial institutions | 115 | 5,218,437 | 3,842,402 |
| 7 Liabilities for advance payments | 116 | 533,964 | 412,221 |
| 8 Liabilities to suppliers | 117 | 1,466,920 | 838,124 |
| 9 Liabilities for securities | 118 | 0 | 0 |
| 10 Liabilities to employees | 119 | 879,435 | 804,786 |
| 11 Taxes, contributions and similar liabilities | 120 | 360,836 | 282,365 |
| 12 Liabilities arising from the share in the result | 121 | 0 | 0 |
| 13 Liabilities arising from fixed assets held for sale | 122 | 0 | 0 |
| 14 Other short-term liabilities | 123 | 1,351,918 | 1,368,699 |
| E) ACCRUALS AND DEFERRED INCOME | 124 | 84,492 | 74,842 |
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) | 125 | 132,966,276 | 126,910,668 |
| G) OFF-BALANCE SHEET ITEMS | 126 | 0 | 0 |
STATEMENT OF PROFIT OR LOSS
for the period 1.1.2025. to 31.12.2025
in EUR
Submitter: JADRAN d.d.-consolidated
| Item | ADP code | Same period of the previous year | Current period | ||
|---|---|---|---|---|---|
| Cumulative | Quarter | Cumulative | Quarter | ||
| 1 | 2 | 3 | 4 | 5 | 6 |
| I OPERATING INCOME (ADP 002 to 006) | 001 | 31,660,189 | 2,622,733 | 33,297,764 | 2,260,363 |
| 1 Income from sales with undertakings within the group | 002 | 0 | 0 | 0 | 0 |
| 2 Income from sales (outside group) | 003 | 30,128,882 | 2,234,749 | 31,960,509 | 1,812,448 |
| 3 Income from the use of own products, goods and services | 004 | 0 | 0 | 0 | 0 |
| 4 Other operating income with undertakings within the group | 005 | 0 | 0 | 0 | 0 |
| 5 Other operating income (outside the group) | 006 | 1,531,307 | 587,984 | 1,337,255 | 447,915 |
| II OPERATING EXPENSES (ADP 00+009+013+017+018+019+022+029) | 007 | 34,190,445 | 7,249,700 | 35,930,998 | 7,498,003 |
| 1 Changes in inventories of work in progress and finished goods | 008 | 0 | 0 | 0 | 0 |
| 2 Material costs (ADP 010 to 012) | 009 | 12,466,402 | 2,013,930 | 14,058,638 | 1,912,288 |
| a) Costs of raw materials and consumables | 010 | 6,240,701 | 771,626 | 6,439,770 | 728,150 |
| b) Costs of goods sold | 011 | 11,801 | 1,608 | 44,415 | 1,281 |
| c) Other external costs | 012 | 6,213,900 | 1,240,696 | 7,574,453 | 1,182,857 |
| 3 Staff costs (ADP 014 to 016) | 013 | 11,369,770 | 2,733,435 | 11,870,330 | 2,986,896 |
| a) Net salaries and wages | 014 | 7,490,112 | 1,817,829 | 8,107,089 | 2,171,508 |
| b) Tax and contributions from salary costs | 015 | 2,442,060 | 573,810 | 2,414,936 | 522,098 |
| c) Contributions on salaries | 016 | 1,437,598 | 341,796 | 1,348,305 | 293,290 |
| 4 Depreciation | 017 | 8,562,329 | 2,060,985 | 8,073,334 | 2,013,376 |
| 5 Other costs | 018 | 1,566,061 | 267,955 | 1,664,629 | 406,580 |
| 6 Value adjustments (ADP 020+021) | 019 | 139,903 | 139,903 | 0 | 0 |
| a) fixed assets other than financial assets | 020 | 139,903 | 139,903 | 0 | 0 |
| b) current assets other than financial assets | 021 | 0 | 0 | 0 | 0 |
| 7 Provisions (ADP 023 to 028) | 022 | 25,393 | 17,879 | -33,334 | 10,312 |
| a) Provisions for pensions, termination benefits and similar obligations | 023 | -8,680 | -8,680 | 10,312 | 10,312 |
| b) Provisions for tax liabilities | 024 | 0 | 0 | 0 | 0 |
| c) Provisions for ongoing legal cases | 025 | 34,073 | 26,559 | -43,646 | 0 |
| d) Provisions for renewal of natural resources | 026 | 0 | 0 | 0 | 0 |
| e) Provisions for warranty obligations | 027 | 0 | 0 | 0 | 0 |
| f) Other provisions | 028 | 0 | 0 | 0 | 0 |
| 8 Other operating expenses | 029 | 60,587 | 15,613 | 297,401 | 168,551 |
| III FINANCIAL INCOME (ADP 031 to 040) | 030 | 1,338 | 397 | 823 | 315 |
| 1 Income from investments in holdings (shares) of undertakings within the group | 031 | 0 | 0 | 0 | 0 |
| 2 Income from investments in holdings (shares) of companies linked by virtue of participating interests | 032 | 0 | 0 | 0 | 0 |
| 3 Income from other long-term financial investment and loans granted to undertakings within the group | 033 | 0 | 0 | 0 | 0 |
| 4 Other interest income from operations with undertakings within the group | 034 | 0 | 0 | 0 | 0 |
| 5 Exchange rate differences and other financial income from operations with undertakings within the group | 035 | 0 | 0 | 0 | 0 |
| 6 Income from other long-term financial investments and loans | 036 | 0 | 0 | 0 | 0 |
| 7 Other interest income | 037 | 1,338 | 368 | 823 | 315 |
| 8 Exchange rate differences and other financial income | 038 | 0 | 29 | 0 | 0 |
| 9 Unrealised gains (income) from financial assets | 039 | 0 | 0 | 0 | 0 |
| 10 Other financial income | 040 | 0 | 0 | 0 | 0 |
| IV FINANCIAL EXPENSES (ADP 042 to 048) | 041 | 3,478,316 | 993,703 | 2,966,041 | 701,256 |
| 1 Interest expenses and similar expenses with undertakings within the group | 042 | 0 | 0 | 0 | 0 |
| 2 Exchange rate differences and other expenses from operations with undertakings within the group | 043 | 0 | 0 | 0 | 0 |
| 3 Interest expenses and similar expenses | 044 | 3,336,973 | 803,654 | 2,974,797 | 737,263 |
| 4 Exchange rate differences and other expenses | 045 | 0 | 1 | 0 | 0 |
| 5 Unrealised losses (expenses) from financial assets | 046 | 0 | 0 | 0 | 0 |
| 6 Value adjustments of financial assets (net) | 047 | 141,343 | 190,048 | -8,756 | -36,007 |
| 7 Other financial expenses | 048 | 0 | 0 | 0 | 0 |
| V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VIRTUE OF PARTICIPATING INTERESTS | 049 | 0 | 0 | 0 | 0 |
| VI SHARE IN PROFIT FROM JOINT VENTURES | 050 | 0 | 0 | 0 | 0 |
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF PARTICIPATING INTEREST | 051 | 0 | 0 | 0 | 0 |
| VIII SHARE IN LOSS OF JOINT VENTURES | 052 | 0 | 0 | 0 | 0 |
| IX TOTAL INCOME (ADP 001+030+049 +050) | 053 | 31,661,527 | 2,823,130 | 33,298,587 | 2,260,678 |
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052) | 054 | 37,668,761 | 8,243,403 | 38,897,039 | 8,199,259 |
| XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 055 | -6,007,234 | -5,420,273 | -5,598,452 | -5,938,581 |
| 1 Pre-tax profit (ADP 053-054) | 056 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss (ADP 054-053) | 057 | -6,007,234 | -5,420,273 | -5,598,452 | -5,938,581 |
| XII INCOME TAX | 058 | -193,397 | -39,306 | -114,602 | -11,235 |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | -5,813,837 | -5,380,967 | -5,483,850 | -5,927,346 |
| 1 Profit for the period (ADP 055-059) | 060 | 0 | 0 | 0 | 0 |
| 2 Loss for the period (ADP 059-055) | 061 | -5,813,837 | -5,380,967 | -5,483,850 | -5,927,346 |
| 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 | 0 |
| 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) | 066 | 0 | 0 | 0 | 0 |
| 2 Discontinued operations loss for the period (ADP 065-062) | 067 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 |
| 1 Pre-tax profit (ADP 068) | 069 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss (ADP 068) | 070 | 0 | 0 | 0 | 0 |
| XVII INCOME TAX (ADP 058+065) | 071 | 0 | 0 | 0 | 0 |
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) | 072 | 0 | 0 | 0 | 0 |
| 1 Profit for the period (ADP 068-071) | 073 | 0 | 0 | 0 | 0 |
| 2 Loss for the period (ADP 071-068) | 074 | 0 | 0 | 0 | 0 |
| 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 | -5,813,837 | -5,380,967 | -5,483,850 | -5,927,346 |
| 1 Attributable to owners of the parent | 076 | -5,813,837 | -5,380,967 | -5,483,850 | -5,927,346 |
| 2 Attributable to minority (non-controlling) interest | 077 | 0 | 0 | 0 | 0 |
| STATEMENT OF OTHER COMPREHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | |||||
| I PROFIT OR LOSS FOR THE PERIOD | 078 | 0 | 0 | 0 | 0 |
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (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 | 0 |
| 1 Changes in revaluation reserves of fixed tangible and intangible assets | 081 | 0 | 0 | 0 | 0 |
| 2 Gains or losses from subsequent measurement of equity instruments at fair value through other comprehensive income | 082 | 0 | 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 | 0 |
| 4 Actuarial gains/losses on the defined benefit obligation | 084 | 0 | 0 | 0 | 0 |
| 5 Other items that will not be reclassified | 085 | 0 | 0 | 0 | 0 |
| 6 Income tax relating to items that will not be reclassified | 086 | 0 | 0 | 0 | 0 |
| IV Items that may be reclassified to profit or loss (ADP 088 to 095) | 087 | 0 | 0 | 0 | 0 |
| 1 Exchange rate differences from translation of foreign operations | 088 | 0 | 0 | 0 | 0 |
| 2 Gains or losses from subsequent measurement of debt securities at fair value through other comprehensive income | 089 | 0 | 0 | 0 | 0 |
| 3 Profit or loss arising from effective cash flow hedging | 090 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 |
| 7 Changes in fair value of forward elements of forward contracts | 094 | 0 | 0 | 0 | 0 |
| 8 Other items that may be reclassified to profit or loss | 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 | 0 | 0 | 0 |
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) | |||||
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101) | 099 | -5,813,837 | -5,380,967 | -5,483,850 | -5,927,346 |
| 1 Attributable to owners of the parent | 100 | -5,813,837 | -5,380,967 | -5,483,850 | -5,927,346 |
| 2 Attributable to minority (non-controlling) interest | 101 | 0 | 0 | 0 | 0 |
STATEMENT OF CASH FLOWS - indirect method
for the period 1.1.2025. to 31.12.2025
in EUR
| Submitter: JADRAN d.d.-consolidated | |||
|---|---|---|---|
| Item | ADP code | Same period of the previous year | Current period |
| 1 | 2 | 3 | 4 |
| Cash flow from operating activities | |||
| 1 Pre-tax profit | 001 | -6,007,234 | -5,598,452 |
| 2 Adjustments (ADP 003 to 010): | 002 | 12,205,514 | 11,074,051 |
| a) Depreciation | 003 | 8,562,329 | 8,073,334 |
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets | 004 | 139,902 | 0 |
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets | 005 | 141,343 | -8,756 |
| d) Interest and dividend income | 006 | -427 | -823 |
| e) Interest expenses | 007 | 3,336,973 | 2,974,796 |
| f) Provisions | 008 | 25,394 | -33,333 |
| g) Exchange rate differences (unrealised) | 009 | 0 | 0 |
| h) Other adjustments for non-cash transactions and unrealised gains and losses | 010 | 0 | 68,833 |
| I Cash flow increase or decrease before changes in working capital (ADP 001+002) | 011 | 6,198,280 | 5,475,599 |
| 3 Changes in the working capital (ADP 013 to 016) | 012 | -1,004,663 | -628,795 |
| a) Increase or decrease in short-term liabilities | 013 | -1,013,736 | -1,000,355 |
| b) Increase or decrease in short-term receivables | 014 | -324,215 | 236,801 |
| c) Increase or decrease in inventories | 015 | -35,184 | -27,027 |
| d) Other increase or decrease in working capital | 016 | 368,472 | 161,786 |
| II Cash flow operations (ADP 011+012) | 017 | 5,193,617 | 4,846,804 |
| 4 Interest paid | 018 | -3,433,707 | -3,043,224 |
| 5 Income tax paid | 019 | 0 | 0 |
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 1,759,910 | 1,803,580 |
| Cash flow from investment activities | |||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 118,882 | 27,863 |
| 2 Cash receipts from sales of financial instruments | 022 | 0 | 0 |
| 3 Interest received | 023 | 381 | 823 |
| 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 | 119,263 | 28,686 |
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -1,263,251 | -1,984,168 |
| 2 Cash payments for the acquisition of financial instruments | 029 | 0 | 0 |
| 3 Cash payments for loans and deposits for the period | 030 | 0 | 0 |
| 4 Acquisition of a subsidiary, net of cash acquired | 031 | 0 | 0 |
| 5 Other cash payments from investment activities | 032 | 0 | 0 |
| IV Total cash payments from investment activities (ADP 028 to 032) | 033 | -1,263,251 | -1,984,168 |
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -1,143,988 | -1,955,482 |
| Cash flow from financing activities | |||
| 1 Cash receipts from the increase in initial (subscribed) capital | 035 | 0 | 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 | 10,350,000 | 8,000,000 |
| 4 Other cash receipts from financing activities | 038 | 0 | 0 |
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 10,350,000 | 8,000,000 |
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments | 040 | -8,721,252 | -6,100,010 |
| 2 Cash payments for dividends | 041 | 0 | 0 |
| 3 Cash payments for finance lease | 042 | -1,315,718 | -1,385,842 |
|---|---|---|---|
| 4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital | 043 | 0 | 0 |
| 5 Other cash payments from financing activities | 044 | 0 | 0 |
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -10,036,970 | -7,485,852 |
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | 313,030 | 514,148 |
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents | 047 | 0 | 0 |
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) | 048 | 928,952 | 362,246 |
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 049 | 1,769,127 | 2,698,079 |
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) | 050 | 2,698,079 | 3,060,325 |
STATEMENT OF CHANGES IN EQUITY
for the period from 1.1.2020 to 31.12.2020
in EUR
| Item | Year ended December 31, 2018 | Period Ended December 31, 2017 | Period Ended December 31, 2016 | Period Ended December 31, 2015 | Period Ended December 31, 2014 | Period Ended December 31, 2013 | Period Ended December 31, 2012 | Period Ended December 31, 2011 | Period Ended December 31, 2010 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ended December 31, 2010 | Period Ended December 31, 2010 | Period Ended December 31, 2010 | Period Ended December 31, 2010 | Period Ended December 31, 2010 | Period Ended December 31, 2010 | Period Ended December 31, 2010 | Period Ended December 31, 2010 | Period Ended December 31, 2010 | Period Ended December 31, 2010 | Period Ended December 31, 2010 | |||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | |
| Pension period | |||||||||||||||||||
| 1 Balance on the first day of the previous business year | 37 | 30.235.784 | 3.371.336 | 0 | 0 | 0 | 0 | 0 | 37.773.799 | 0 | 0 | 0 | 0 | 0 | 38.363.131 | 0 | 38.361.131 | 0 | 38.361.131 |
| 1 Changes in accounting periods | 38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 Correction of errors | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 Balance on the first day of the previous business year (inelated) (AOF 30 to 31) | 39 | 30.235.784 | 3.371.336 | 0 | 0 | 0 | 0 | 0 | 37.773.799 | 0 | 0 | 0 | 0 | 0 | 38.363.131 | 0 | 38.361.131 | 0 | 38.361.131 |
| 2 Profitless of the period | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 Exchange rate differences from translation of foreign operations | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 Clones in losses from subsequent measurement of financial assets at fair value through other comprehensive income available for sale) | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 Profit in loss arising from effective cash flow hedge | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 Profit at loss arising from effective hedge of a net investment in a foreign operation | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 Strain in other comprehensive income/loss of companies linked by virtue of participating interests | 17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 12 Intravent genuineness on the defined benefit obligation | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 13 Other changes in equity available to owners | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 14 The total expenditure savings from the tax capital | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 15 Decrease in initial (subcontract) capital (other than arising from the pre-bastinepity settlement provision) or from the reinvestment of profit) | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 16 Decrease in initial (subcontract) capital arising from the pre-bastinepity settlement provision | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 17 Decrease in initial (subcontract) capital arising from the reinvestment of profit | 17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 Redemption of treasury, shareholders | 18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 19 Payment from members/ shareholders | 18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 20 Payment of share in profit/process | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 21 Other distribution and payments to members/ shareholders | 27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 22 Transfer to reserves according to the annual schedule | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 23 Increase in reserves arising from the pre-bastinepity settlement provision | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 24 Decrease on the last day of the current business year (spending period (AOF 30 to 31) | 39 | 30.235.784 | 3.371.336 | 0 | 0 | 0 | 0 | 0 | 37.773.799 | 0 | 0 | 0 | 0 | 0 | 38.363.131 | 0 | 38.361.131 | 0 | 38.361.131 |
| AFFIXED TO THE STATEMENT OF CHANGES IN EQUITY (as tax fitted in tip percentages from free up financial statements in accordance with the IFRS) | |||||||||||||||||||
| 1 ATHENS COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF THE (AOF 30 to 31) | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (AOF 30 to 31) | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current period | |||||||||||||||||||
| 1 Balance on the first day of the current business year | 39 | 30.235.784 | 3.371.336 | 0 | 0 | 0 | 0 | 0 | 37.773.799 | 0 | 0 | 0 | 0 | 0 | 32.279.994 | 0 | 32.279.994 | 0 | 32.279.994 |
| 2 Changes in accounting periods | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 Correction of errors | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 Balance on the first day of the current business year (inelated) (AOF 30 to 31) | 30 | 30.235.784 | 3.371.336 | 0 | 0 | 0 | 0 | 0 | 37.773.799 | 0 | 0 | 0 | 0 | 0 | 32.279.994 | 0 | 32.279.994 | 0 | 32.279.994 |
| 1 Profitless of the period | 30 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 Exchange rate differences from translation of foreign operations | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 Change in modulation reserves of fixed tangible and intangible assets | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 Stains or losses from subsequent measurement of financial assets at fair value through other comprehensive income available for sale) | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 Profit in loss arising from effective cash flow hedge | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 Profit in loss arising from effective hedge of a net investment in a foreign operation | 37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 Strain in other comprehensive income/loss of companies linked by virtue of participating interests | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 12 Retained genuineness on the defined benefit obligation | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 13 Other changes in equity available to owners | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 14 Tax on transactions recognized directly in equity | 27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 15 Decrease in initial (subcontract) capital (other than arising from the pre-bastinepity settlement provision) or from the reinvestment of profit) | 42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 16 Decrease in initial (subcontract) capital arising from the pre-bastinepity settlement provision | 43 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 17 Decrease in initial (subcontract) capital arising from the reinvestment of profit | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 Redemption of treasury, shareholders | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 19 Payment from members/ shareholders | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 20 Tax on the balance in profit in EQUITY | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 21 Other distributions and payments to members/ shareholders | 49 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 22 Contribined over annual share | 49 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 23 Increase in reserves arising from the pre-bastinepity settlement provision | 50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 24 Balance on the last day of the current business year reporting period (AOF 31 to 32) | 50 | 30.235.784 | 3.371.336 | 0 | 0 | 0 | 0 | 0 | 37.773.799 | 0 | 0 | 0 | 0 | 32.279.994 | 0 | 32.279.994 | 0 | 32.279.994 | 0 |
NOTES TO FINANCIAL STATEMENTS - TFI
(drawn up for quarterly reporting periods)
Name of the issuer: JADRAN d.d.
Personal identification number (OIB): 56994999963
Reporting period: 1.1.2025.-31.12.2025.
Notes to financial statements for quarterly periods include:
a) explanation of business events relevant to understanding changes in the statement of financial position and financial performance for the reporting semi-annual period of the issuer with respect to the last business year: information is provided regarding these events and relevant information published in the last annual financial statement is updated (items 15 to 15C IAS 34 - Interim financial reporting)
b) information on the access to the latest annual financial statements, for the purpose of understanding information published in the notes to financial statements drawn up for the semi-annual reporting period
c) a statement explaining that the same accounting policies are applied while drawing up financial statements for the semi-annual reporting period as in the latest annual financial statements or, in the case where the accounting policies have changed, a description of the nature and effect of the changes (item 16.A (a) IAS 34 - Interim financial reporting)
d) a description of the financial performance in the case of the issuer whose business is seasonal (items 37 and 38 IAS 34 - Interim financial reporting)
e) other comments prescribed by IAS 34 - Interim financial reporting
f) in the notes to quarterly periods financial statements, in addition to the information stated above, information in respect of the following matters shall be disclosed:
-
undertaking's name, registered office (address), legal form, country of establishment, entity's registration number and, if applicable, the indication whether the undertaking is undergoing liquidation, bankruptcy proceedings, shortened termination proceedings or extraordinary administration
-
adopted accounting policies (only an indication of whether there has been a change from the previous period)
-
the total amount of any financial commitments, guarantees or contingencies that are not included in the balance sheet, and an indication of the nature and form of any valuable security which has been provided; any commitments concerning pensions of the undertaking within the group or company linked by virtue of participating interest shall be disclosed separately
-
the amount and nature of individual items of income or expenditure which are of exceptional size or incidence
-
amounts owed by the undertaking and falling due after more than five years, as well as the total debts of the undertaking covered by valuable security furnished by the undertaking, specifying the type and form of security
-
average number of employees during the financial year
-
where, in accordance with the regulations, the undertaking capitalised on the cost of salaries in part or in full, information on the amount of the total cost of employees during the year broken down into the amount directly debiting the costs of the period and the amount capitalised on the value of the assets during the period, showing separately the total amount of net salaries and the amount of taxes, contributions from salaries and contributions on salaries
-
where a provision for deferred tax is recognised in the balance sheet, the deferred tax balances at the end of the financial year, and the movement in those balances during the financial year
-
the name and registered office of each of the undertakings in which the undertaking, either itself or through a person acting in their own name but on the undertaking's behalf, holds a participating interest, showing the proportion of the capital held, the amount of capital and reserves, and the profit or loss for the latest financial year of the undertaking concerned for which financial statements have been adopted; the information concerning capital and reserves and the profit or loss may be omitted where the undertaking concerned does not publish its balance sheet and is not controlled by another undertaking
-
the number and the nominal value or, in the absence of a nominal value, the accounting par value of the shares subscribed during the financial year within the limits of the authorised capital
-
the existence of any participation certificates, convertible debentures, warrants, options or similar securities or rights, with an indication of their number and the rights they confer
-
the name, registered office and legal form of each of the undertakings of which the undertaking is a member having unlimited liability
-
the name and registered office of the undertaking which draws up the consolidated financial statements of the largest group of undertakings of which the undertaking forms part as a controlled group member
-
the name and registered office of the undertaking which draws up the consolidated financial statements of the smallest group of undertakings of which the undertaking forms part as a controlled group member and which is also included in the group of undertakings referred to in point 13
-
the place where copies of the consolidated financial statements referred to in points 13 and 14 may be obtained, provided that they are available
-
the nature and business purpose of the undertaking's arrangements that are not included in the balance sheet and the financial impact on the undertaking of those arrangements, provided that the risks or benefits arising from such arrangements are material and in so far as the disclosure of such risks or benefits is necessary for the purposes of assessing the financial position of the undertaking
-
the nature and the financial effect of material events arising after the balance sheet date which are not reflected in the profit and loss account or balance sheet
Jadran Crikvenica
Hoteli i kampovi
Jadran d.d. za hotelijerstvo i turizam
Bana Jelačića 16, HR-51260 Crikvenica
T. +385 51 241 222
E: [email protected]
www.jadran-crikvenica.hr
OIB: 56994999963
10. STATEMENT BY PERSONS RESPONSIBLE FOR THE PREPARATION OF THE QUARTERLY REPORT
Pursuant to Articles of the Capital Market Act the Management Board, according to our best knowledge, gives the following
STATEMENT BY PERSONS RESPONSIBLE FOR THE PREPARATION OF THE REPORT
Unaudited financial reports of JADRAN d.d. and the Group are prepared in accordance with International Financial Reporting Standards and the Accounting Act valid at the date of the financial reports.
Unaudited financial reports of JADRAN d.d. and the Group for the period from January 1st 2025 to December 31st 2025 provide a true and fair view of the assets and liabilities, losses and gains, financial position and operations of the Company and the Group.
Reports on business operations contain a true and faithful presentation of the Company's and Group's business development and results, along with a description of the most significant risks and uncertainties to which the Company and the Group are exposed.
Crikvenica, 25 February 2026
Chairman of the Management Board
Zrinka Bokulić
Member of the Management Board
Miroslav Pelko
Jadran
dionéko društvo
za hotelijerstvo i turizam
Crikvenica