9/2024 – Update of Preliminary Estimated Financial Results of Trakcja S.A. and Preliminary Estimated Financial Results of the Trakcja Group for the 12 Months of 2023

The Management Board of Trakcja S.A. (the “Company,” the “Issuer”) announces that, following the preliminary estimated financial results of the Company for the 12 months of 2023 published in current report No. 5/2024 and based on impairment tests conducted as of the balance sheet date, December 31, 2023, it has decided to reverse impairment provisions on “Investments in subsidiaries” totaling PLN 9,643 thousand: a. Reversal of the impairment provision for the investment in the subsidiary AB Kauno Tiltai in the amount of PLN 3,643 thousand; b. Reversal of the impairment provision for the investment in the subsidiary PEUiM sp. z o.o. in the amount of PLN 6,000 thousand.

The reversal of the impairment provision for “Investments in subsidiaries” will increase the gross profit of Trakcja S.A. for 2023 and raise the value of fixed assets presented in the Company’s standalone balance sheet as of December 31, 2023, by PLN 9,643 thousand.

As a result, and following work on preparing the standalone financial statements and the process of collecting financial data, the Company provides an update to the preliminary estimated financial results for the 12 months of 2023, published in current report No. 5/2024:

• Preliminary estimated financial results of the Company for 2023:
  • Sales revenue: PLN 1,070,307 thousand;
  • Gross profit (loss) from sales: PLN 91,355 thousand;
  • EBITDA: PLN 85,982 thousand;
  • Gross profit (loss): PLN 42,640 thousand.

The Company also informs that the preliminary analysis of the available financial results of individual entities within the Issuer’s Group and the data collection process for preparing the consolidated annual report of the Trakcja Group for the 12 months ended December 31, 2023, have been completed, and the decision has been made to release the preliminary estimated financial results of the Trakcja Group for 2023:

• Preliminary estimated consolidated financial results of the Trakcja Group for 2023:
  • Sales revenue: PLN 2,065,681 thousand;
  • Gross profit (loss) from sales: PLN 150,302 thousand;
  • EBITDA: PLN 130,892 thousand;
  • Gross profit (loss): PLN 56,933 thousand.

The reversal of the impairment provision for “Investments in subsidiaries” is a non-cash adjustment and does not affect the liquidity position of the Company and the Group.

The data presented above are preliminary and subject to audit by an independent auditor. The final financial results of the Company and the Group will be provided in the standalone and consolidated annual reports for the 12 months ended December 31, 2023, which will be published on April 12, 2024, according to the adopted periodic report publication calendar.

Legal basis: Article 17(1) of the MAR Regulation