PGE Polska Grupa Energetyczna S.A.

Earnings Release • Sep 21, 2022

Selected standalone financial data

of PGE Polska Grupa Energetyczna S.A.

	Period ended		Period ended
	June 30, 2022 2021		June 30, 2022 2021
		(not audited) (not audited) Data restated	(not audited) (not audited)	Data restated
	PLN million		EUR million
Sales revenues	18 855	12 829	4 061	2 821
Net profit/loss from operating activities	618	364	133	80
Gross profit/loss (before taxation)	2 425	1 628	522	358
Net profit/loss for the reporting period	2 278	1 601	491	352
Total income	2 589	1 763	558	388
Net cash from operating activities	-1 050	421	-226	93
Net cash from investing activities	2 475	590	533	130
Net cash from financial activities	2 141	-283	461	-62
Net change in cash and cash equivalents	3 566	728	768	160
Net earnings per share (in PLN/EUR per share)	1.13	0.86	0.24	0.19
Diluted earnings per share (in PLN/EUR per share)	1.13	0.86	0.24	0.19
Weighted average number of shares (issued ordinary shares used for calculation of EPS)		2 014 383 213 1 869 760 829 2 014 383 213 1 869 760 829

	As at		As at
	June 30, 2022	December 31, 2021	June 30, 2022	December 31, 2021
	(not audited)	(audited)	(not audited)	(audited)
		PLN million	EUR million
Non-current assets	34 532	36 929	7 378	8 029
Current assets	30 013	27 881	6 412	6 062
Total assets	64 545	64 810	13 790	14 091
Equity	47 071	41 302	10 057	8 980
Share capital	19 184	19 165	4 099	4 167
Long-term liabilities	6 348	7 144	1 356	1 553
Short-term liabilities	11 126	16 364	2 377	3 558

Above financial data were converted into EUR according to the following rules:

• particular items of the assets and liabilities according to average exchange rate published by the National Bank of Poland EUR/PLN as of June 30,2022 – 4.6806 EUR/PLN and December 31, 2021 – 4.5994 EUR/PLN.
• particular items of statement of comprehensive income and statement of cash flows according to the exchange rate constituting an arithmetic average of average exchange rates set out by the National Bank of Poland at the end of every month of the reporting period from January 1, 2022 till June 30, 2022 – 4.6427 EUR/PLN; and for the period from January 1, 2021 till June 30, 2021 – 4.5472 EUR/PLN.