Financial Indicators – Ekspress Grupp

Key financial indicators and ratios in 2021-2025

Financial ratios (%)	31.12.2025	31.12.2024	31.12.2023	31.12.2022	31.12.2021
Equity ratio (%)	49%	51%	53%	56%	57%
Debt to equity ratio (%)	47%	49%	46%	46%	41%
Debt to capital ratio (%)	19%	25%	23%	24%	17%
Total debt/EBITDA ratio	2.51	2.67	2.56	2.85	2.70
Liquidity ratio	0.73	0.74	0.84	0.87	0.98

* For 2020 total debt/EBITDA ratio is calculated on the basis of EBITDA, which also includes EBITDA from discontinued operations.

Consolidated statement of comprehensive income

(EUR thousand)	2025	2024	2023	2022	2021
Continuing operations
Sales revenue	80 227	76 170	73 086	64 141	53 516
Cost of sales	(63 390)	(58 209)	(55 046)	(48 185)	(39 674)
Gross profit	16 837	17 961	18 040	15 956	13 842
Other income	2 240	959	581	789	929
Marketing expenses	(4 019)	(3 369)	(2 803)	(2 979)	(2 359)
Administrative expenses	(10 986)	(10 530)	(9 582)	(8 823)	(7 435)
Other expenses	(99)	(164)	(737)	(146)	(113)
Impairment of goodwill	(1792)	0	0	0	0
Operating profit	2 181	4 857	5 499	4 797	4 864
Interest income	89	117	60	36	35
Interest expenses	(1 425)	(1 836)	(1 499)	(738)	(709)
Other finance income/ (costs)	(2 672)	(58)	(55)	179	339
Net finance cost	(4 008)	(1 777)	(1 494)	(523)	(335)
Profit (loss) on shares of joint ventures	240	318	(661)	(242)	(281)
Profit (loss) on shares of associates	309	471	239	325	161
Profit (loss) from the sale of associate	2 043	0	0	0	0
Profit before income tax	765	3 869	3 583	4 357	4 409
Income tax expenses	266	(617)	(232)	(302)	(276)
Net profit from continuing operations	1 031	3 252	3 351	4 055	4 133
Net profit/(loss) from discontinued operation	0	0	0	0	(1 876)
Net profit for the reporting period	1031	3 252	3 351	4 055	2 257
Net profit for the reporting period attributable to	0	0	0	0	0
Equity holders of the parent company	1031	3 252	3 349	4 048	2 243
Minority shareholders	0	0	2	7	14
Total comprehensive income	1031	3 252	3 351	4 055	2 257
Comprehensive income for the reporting period attributable to
Equity holders of the parent company	1031	3 252	3 349	4 048	2 243
Minority shareholders	0	0	2	7	14

Consolidated balance sheet

(EUR thousand)	31.12.2025	31.12.2024	31.12.2023	31.12.2022	31.12.2021
ASSETS
Current assets
Cash and cash equivalents	11 479	8 971	9 606	7 448	10 962
Short-term deposits	2 490	0	0	0	0
Trade and other receivables	16 940	14 394	13 143	11 661	9 323
Corporate income tax prepayment	171	170	24	49	2
Inventories	261	373	321	286	266
Total current assets	31 341	23 908	23 094	19 444	20 553
Non-current assets
Other receivables and investments	1 666	1 775	1 628	1 580	1 671
Deferred tax asset	84	71	130	60	42
Investments in joint ventures	1 112	872	851	1 017	1 011
Investments in associates	160	2 464	2 197	2 279	2 210
Property, plant and equipment	10 991	10 834	10 384	8 736	7 964
Intangible assets	72 190	74 112	67 482	66 720	60 807
Total non-current assets	86 203	90 128	82 672	80 392	73 705
TOTAL ASSETS	117 544	114 036	105 766	99 836	94 258
LIABILITIES
Current liabilities
Borrowings	9 962	5 309	4 353	3 393	3 201
Trade and other payables	32 817	27 014	23 046	19 004	17 664
Corporate income tax payable	57	36	39	25	82
Total current liabilities	42 836	32 359	27 438	22 422	20 947
Non-current liabilities
Long-term borrowings	17 094	23 232	21 765	21 948	19 018
Other long-term liabilities	0	5	22	43	601
Total non-current liabilities	17 094	23 237	21 787	21 991	19 619
TOTAL LIABILITIES	59 930	55 596	49 225	44 413	40 566
EQUITY
Minority interest	0	0	0	147	140
Capital and reserves attributable to equity holders of parent company:
Share capital	18 576	18 576	18 478	18 478	18 478
Share premium	14 295	14 295	14 277	14 277	14 277
Treasury shares	(5)	(5)	(1 057)	(334)	(384)
Reserves	2 494	2 364	2 285	2 059	1 920
Retained earnings	22 254	23 210	22 558	20 796	19 261
Total capital and reserves attributable to equity holders of parent company	57 614	58 440	56 541	55 276	53 552
TOTAL EQUITY	57 614	58 440	56 541	55 423	53 692
TOTAL LIABILITIES AND EQUITY	117 544	114 036	105 766	99 836	94 258

Formulas used to calculate the financial ratios
Equity ratio (%)	Equity/ (liabilities + equity) x100
Debt to equity ratio (%)	Interest bearing liabilities /equity x 100
Debt to capital ratio (%)	Interest bearing liabilities – cash and cash equivalents (net debt) /(net debt +equity) x 100
Total debt/EBITDA ratio	Interest bearing borrowings (excl rental liabilities according to IFRS 16) / EBITDA Interest bearing borrowings /EBITDA
Liquidity ratio	Current assets / current liabilities