Update on the information on the results of impairment tests
Belongs to:
- Current reports
Current Report No. 13/2025
Date: 4 April 2025
Subject: Update on the information on the results of impairment tests
Legal basis: Article 17 (1) of MAR - inside information
With reference to the current report No. 12/2025 of 18 March 2025 on the results of impairment tests of the Energa Group's ("Group") fixed asset conducted as at 31 December 2024 in accordance with IAS 36, the Management Board of Energa SA informs that on 4 April 2025 it received the information about the necessity to change the assumptions adopted for the purposes of calculating impairment losses on the above mentioned assets, which increases the value of impairment losses by a total amount of approximately PLN 0.20 billion.
The above increase in impairment losses relates to RES assets in the area of electricity generation, for which the Group made binding transaction decisions in 2023. The necessity of this increase was identified during the work on the consolidated financial statements for 2024, as part of the audit of these statements by the auditor.
In connection with the above, the currently estimated total amount of impairment losses of the Group's fixed assets amounts to approximately PLN 0.63 billion.
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 0.63 billion without affecting the EBITDA result (operating profit before amortization and impairment of fixed assets).
The financial data presented are estimates and 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.