49/2023 Estimated selected financial data of ZBM "ZREMB-CHOJNICE "S.A. for Q3 2023

Legal basis: Article 17 (1) MAR – confidential information.

The Management Board of Zakład Budowy Maszyn “ZREMB-CHOJNICE” S.A. _”Company”, “Issuer”_, in connection with receipt today, i.e. November 07, 2023, of information on the estimated values of selected separate financial data for the third quarter of 2023, hereby provides the estimated selected financial data of ZBM “ZREMB-CHOJNICE” S.A. for the third quarter of 2023, together with comparative data for the third quarter of the fiscal years 2020 – 2022 on a quarterly as well as a cumulative basis.

To calculate the Company’s average results and calculate deviations from the results achieved in Q3 2023, the Issuer’s Management Board adopted the period 2020-2022.

The final values of financial data for Q3 2023 presented in this report will be published in the interim report on November 20, 2023.

Management’s commentary on the estimated separate financial results for the period of Q3 2023.

Data for Q3 2023 compared to Q3 in 2020-2022:

In Q3 2023, the Company achieved sales revenues of PLN 10,437 thousand, which is an increase of 36.32% compared to the averaged sales revenues for Q3 in 2020-2022.

The achieved EBIT in Q3 2023 at PLN 1,715 thousand is 1,407.26% higher than the averaged EBIT for Q3 2020-2022, when the Company recorded a profit of PLN 114 thousand.

In Q3 2023, the Company managed to generate a positive EBITDA result of PLN 2,088 thousand, and this result is 494.86% better than the averaged result for Q3 2020-2022, when an EBITDA of PLN 351 thousand was recorded.

The estimated net result achieved in Q3 2023 is a profit of PLN 1,658 thousand, which is a 719.6% improvement compared to the averaged net profit for Q3 2020 -2022 of PLN 202 thousand.

Cumulative data for Q1-Q3 2023 compared to cumulative data for Q1-Q3 in 2020-2022:

The company’s Q1-Q3 2023 sales revenues reached PLN 26,579 thousand, an increase of 26.20% compared to the averaged sales revenues for Q1-Q3 in 2020-2022.

The achieved EBIT in Q1-Q3 2023 is PLN 1,912 thousand is 95.17% higher than the averaged EBIT for Q1-Q3 of 2020-2022, when the Company recorded a profit of PLN 980 thousand.

In Q1-Q3 2023, the Company managed to generate a positive EBITDA result of PLN 2,930 thousand, and this result is 77.85% better than the averaged result for Q1-Q3 2020-2022, when EBITDA of PLN 1,648 thousand was recorded.

The estimated net result achieved in Q1-Q3 2023 is a profit of PLN 1,571 thousand, which is a 351.96% improvement compared to the averaged net profit for Q1-Q3 2020 -2022 of PLN 348 thousand.

Comparing directly selected financial estimates for Q3 2023 with the same period of 2020-2022, we see a clear improvement. The level of revenue in Q3 2023 increased by 36.32%, EBIT and EBITDA also look decidedly better. where a fourteenfold increase in EBIT and an almost fivefold increase in EBITDA were recorded. The net profit achieved in Q3 2023 is seven times higher than the averaged net profit for Q3 in 2020-2022.

The improvement in the results the Company achieved in Q3 2023 compared to the corresponding periods of the previous three years _2020-2022_ is the result of winning contracts at more favorable margins mainly for the armed forces, which were achieved despite rising labor costs.

SIGNATURES OF COMPANY REPRESENTATIVES