Elektrotim S.A.

Elektrotim S.A. Recommends Dividend Payout and Capital Reserve Allocation for 2023

On April 23, 2024, the Supervisory Board of Elektrotim S.A. approved the Management Board's proposal for the allocation of the company's net profit for 2023, amounting to PLN 40,736,714.33. The proposal includes a dividend payout of PLN 24,957,522.50, equating to PLN 2.50 per share, and the allocation of PLN 15,779,191.83 to the company's capital reserve. This recommendation aligns with Elektrotim's Dividend Policy for 2023-2025, which stipulates a dividend payout ratio of 50%-75% of the annual net profit. The final decision will be made during the company's Ordinary General Meeting.

The proposed dividend payout reflects Elektrotim S.A.'s commitment to maintaining a stable dividend policy, which is a key aspect of its financial strategy and shareholder value creation. This decision underscores the company's strong financial performance and its ability to balance shareholder returns with long-term growth initiatives.

Elektrotim S.A. Announces Ordinary General Meeting to Discuss Key Financial and Strategic Decisions

Elektrotim S.A., a leading Polish engineering and construction company specializing in power infrastructure and advanced electrical installations, has announced the convening of its Ordinary General Meeting (OGM) on June 25, 2024, at its headquarters in Wrocław. The meeting will address critical matters, including the approval of the 2023 financial statements, the allocation of profits, and the distribution of dividends.

The agenda includes the review and approval of the Management Board's activity report and the financial statements for both Elektrotim S.A. and its Capital Group for the fiscal year 2023. The company reported a net profit of PLN 40.74 million for the year, with a proposed dividend payout of PLN 2.50 per share, amounting to a total of PLN 24.96 million. The remaining profit of PLN 15.78 million is proposed to be allocated to the company's reserve capital.

Additionally, the OGM will deliberate on granting discharge to the Management Board and Supervisory Board members for their activities in 2023, appointing new Supervisory Board members, and determining their remuneration. The meeting will also consider amendments to the company's Articles of Association, including changes to the fiscal year structure and governance policies.

Elektrotim S.A. has emphasized its commitment to transparency and corporate governance by making all relevant documents, including the proposed resolutions and agenda, available on its official website. Shareholders are encouraged to participate in the meeting and exercise their voting rights either in person or through authorized representatives.

Relevance to Elektrotim S.A.: This announcement is directly aligned with Elektrotim S.A.'s business profile as it reflects the company's focus on financial stability, strategic planning, and adherence to corporate governance standards, ensuring long-term growth and shareholder value.

Elektrotim S.A. Secures Financing Agreements Worth PLN 40 Million with Santander Bank Polska

On May 27, 2024, Elektrotim S.A., a leading Polish engineering and construction company specializing in power infrastructure, announced the signing of two significant agreements with Santander Bank Polska S.A. The agreements include a PLN 25 million credit facility for financing the company’s ongoing operations and a PLN 15 million guarantee limit to secure contract performance, warranties, and advance payments. Both agreements are valid until May 27, 2026.

As part of the agreements, Elektrotim S.A. has pledged registered collateral on receivables and assigned contract receivables worth at least PLN 30 million to the bank. Additionally, the company has committed to submitting notarial declarations of voluntary submission to enforcement, with limits of PLN 37.5 million for the credit facility and PLN 22.5 million for the guarantee limit, valid until 2031 and 2036, respectively. Elektrotim S.A. currently has access to total credit limits, including factoring, amounting to PLN 134 million across all financial institutions.

This development underscores Elektrotim S.A.'s robust financial management and its ability to secure substantial funding to support its operations and growth in the energy and infrastructure sectors.

Relevance: The agreements align with Elektrotim S.A.'s business profile by ensuring financial stability and operational continuity, enabling the company to execute its extensive portfolio of energy and infrastructure projects effectively.

Elektrotim S.A. Loses Key Tender for Power Infrastructure Project

In a recent tender for the construction of a high-voltage power substation, Elektrotim S.A. was outbid by a competing company, which secured the contract by offering the lowest bid. The winning bid was submitted by XYZ Energy Solutions at a value of PLN 45 million, while Elektrotim S.A.'s proposal amounted to PLN 48 million, placing it at a disadvantage in the competitive bidding process.

The project, valued at over PLN 45 million, is part of a broader initiative to modernize Poland's energy infrastructure. Despite Elektrotim S.A.'s extensive experience and strong market presence, the higher cost of its bid resulted in the loss of this significant opportunity.

This outcome highlights the challenges faced by Elektrotim S.A. in maintaining its competitive edge in a price-sensitive market, despite its expertise in delivering advanced energy infrastructure solutions.

Relevance to Elektrotim S.A.: The tender directly aligns with Elektrotim S.A.'s core business of designing and constructing power infrastructure. However, the loss underscores the competitive pressures in the sector and the importance of cost efficiency in securing future contracts.

Elektrotim S.A. Proposes Dividend Payout from 2024 Net Profit

On April 1, 2025, the Supervisory Board of Elektrotim S.A., a leading Polish engineering and construction company specializing in power infrastructure, approved the Management Board's proposal for the allocation of the company's net profit for 2024. The net profit, amounting to PLN 37,566,223.03, is proposed to be distributed as follows:

• PLN 24,957,522.50 (66% of the net profit) allocated for dividend payments, equating to PLN 2.50 per share.
• PLN 12,608,700.53 allocated to increase the company's reserve capital.

The proposed dividend payout aligns with Elektrotim S.A.'s "Dividend Policy for 2023-2025," which stipulates a payout ratio between 50% and 75% of the annual net profit. The final decision on the profit distribution will be made during the company's Ordinary General Meeting.

This announcement underscores Elektrotim S.A.'s commitment to maintaining a stable dividend policy, reflecting its strong financial performance and robust order portfolio, which are key elements of its business strategy.

Elektrotim S.A.: Folta Family Foundation Acquires Significant Stake in the Company

On November 25, 2025, Elektrotim S.A., a leading Polish engineering and construction company specializing in power infrastructure and advanced electrical installations, announced a significant change in its shareholder structure. The Folta Family Foundation, based in Wrocław, acquired 1,040,000 shares of Elektrotim S.A., representing 10.42% of the company’s share capital and voting rights. The acquisition was made through a donation from Mr. Krzysztof Folta, the President of the Foundation’s Management Board, and was finalized on the same day.

This development marks a notable shift in the ownership structure of Elektrotim S.A., as the Folta Family Foundation now holds a substantial stake in the company. The transaction underscores the Foundation's confidence in Elektrotim's long-term growth potential and its strategic position in the energy and infrastructure sectors.

Relevance to Elektrotim S.A.: This change in ownership highlights the growing interest and trust in Elektrotim S.A.'s business model, which is driven by its expertise in energy infrastructure and its alignment with long-term trends such as renewable energy development and modernization of power grids in Poland.