Current Report No. 30/2024

Date of preparation: 16 October 2024

Subject: Information on preliminary financial results for the three quarters of 2024

Legal basis: Article 17(1) MAR - confidential information

Content:
The Management Board of Lubelski Węgiel Bogdanka S.A. (the Company) informs that on 16 October 2024 it became aware of the preliminary financial results of the LW Bogdanka Capital Group for the three quarters of 2024 (Q1-Q3 2024) and decided to disclose them to the public:

Consolidated financial results of the LW Bogdanka Capital Group for Q1-Q3 2024:
Net sales revenue: PLN 2,600.1 million
EBITDA: PLN 539.3 million
EBIT: PLN -945.0 million
Net profit: PLN -756.1 million

Commercial coal production in the period under review was 5.37 million tonnes and sales reached 5.70 million tonnes.

Consolidated financial results of the LW Bogdanka Capital Group for Q1-Q3 2024 cleared by the impact of a material non-recurring event, i.e. a write-down, resulting from an impairment test:
Net sales revenue: PLN 2,600.1 million
EBITDA: PLN 539.3 million
EBIT: PLN 229.2 million
Net profit: PLN 195.0 million

The estimated results reported above for Q1-Q3 2024 were significantly affected by an impairment loss of PLN 1,174 million on the carrying value of non-current assets (which has already been fully recognised in H1 2024), which was recognised in connection with the impairment test of assets as at 30 June 2024 in accordance with the requirements of IAS 36. The Company announced the write-down in current report no. 28/2024 on 27 August 2024.

The final results will be presented in detail in the Consolidated Quarterly Report of LW Bogdanka Capital Group for Q3 2024, scheduled for publication on 20 November 2024.