Information on the results of impairment tests
Belongs to:
- Current reports
Current Report No. 12/2025
Date: 18 March 2025
Subject: Information on the results of impairment tests
Legal basis: Article 17 (1) of MAR - inside information
The Management Board of Energa SA ("Company") hereby informs that on 18 March 2025 it received the information about the results of impairment tests of Energa Group's (the "Group") fixed assets, which were conducted as at 31 December 2024 in accordance with IAS 36.
The results of the abovementioned tests indicated the necessity to create the impairment losses in the total amount of approximately PLN 0.43 billion. Out of this amount, approximately PLN 0.36 billion is attributable to RES assets in the area of electricity generation, for which the Group made binding transaction decisions in 2023. The remaining part of the impairment losses relates mainly to coal and heating assets.
The above events are of a non-cash nature. They will decrease the profit before tax for 2024 of the Energa Group by approximately PLN 0.43 billion without affecting the EBITDA result (operating profit before amortization and impairment of fixed assets).
The financial data presented are estimates and are subject to review by the auditor, therefore they may change. The final results of the tests and amounts of impairment losses will be presented in the consolidated financial statements of the Energa Group for 2024.