PGE Polska Grupa Energetyczna S.A.

Interim / Quarterly Report • Sep 26, 2023

Selected standalone financial data

of PGE Polska Grupa Energetyczna S.A.

	Period ended		Period ended
	June 30,		June 30,
	2023	2022*	2023	2022*
		(not audited) (not audited) Data restated		(not audited) (not audited) Data restated
	PLN million		EUR million
Sales revenues	35 548	18 855	7 706	4 061
Net profit/loss from operating activities	1 035	618	224	133
Gross profit/loss (before taxation)	2 253	2 425	488	522
Net profit/loss for the reporting period	1 950	2 278	423	491
Total income	1 777	2 589	385	558
Net cash from operating activities	-9 123	-1 029	-1 978	-222
Net cash from investing activities	2 013	2 475	436	533
Net cash from financial activities	3 459	2 141	750	461
Net change in cash and cash equivalents	-3 651	3 587	-791	773
Net earnings per share (in PLN/EUR per share)	0.87	1.13	0.19	0.24
Diluted earnings per share (in PLN/EUR per share)	0.87	1.13	0.19	0.24
Weighted average number of shares (issued ordinary shares used for calculation of EPS)		2 243 712 994 2 014 383 213 2 243 712 994 2 014 383 213

* in order to ensure greater consistency of the presented financial data, the accrued exchange rate differences were presented in operating activities.

	As at		As at
	June 30, 2023	December 31, 2022	June 30, 2023	December 31, 2022
	(not audited)	(audited)	(not audited)	(audited)
		PLN million	EUR million
Non-current assets	37 267	35 880	8 374	7 650
Current assets	31 874	29 897	7 162	6 375
Total assets	69 141	65 777	15 536	14 025
Equity	49 513	47 736	11 126	10 178
Share capital	19 184	19 184	4 311	4 090
Long-term liabilities	8 518	5 397	1 914	1 151
Short-term liabilities	11 110	12 644	2 496	2 696

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 30,2023 – 4.4503 EUR/PLN and December 31, 2022 – 4.6899 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, 2023 till June 30, 2023 – 4.6130 EUR/PLN; and for the period from January 1, 2022 till June 30, 2022 – 4.6427 EUR/PLN.