Interim report
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AMBER GRID AB CONDENSED INTERIM FINANCIAL STATEMENTS, PREPARED ACCORDING TO INTERNATIONAL FINANCIAL REPORTING STANDARDS AS ADOPTED BY THE EUROPEAN UNION, FOR THE PERIOD ENDED 30 SEPTEMBER 2025
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CONFIRMATION OF RESPONSIBLE PERSONS 7 November 2025 Following the Law on Securities of the Republic of Lithuania and the Rules on Information Disclosure of the Bank of Lithuania, we, Nemunas Biknius, Chief Executive Officer of AB Amber Grid, Gytis Fominas, Chief Financial Officer of AB Amber Grid, and Rasa Baltaragienė, Head of accounting of AB Amber Grid, hereby confirm that, to the best of our knowledge, the attached AB Amber Grid unaudited condensed interim financial statements for the period of nine months ended 3 0 September 2025 are prepared in accordan ce with International Financial Reporting Standards, adopted by the European Union, present a true and fair view of AB Amber Grid assets, liabilities, financial position, profit and cash flows. Chief Executive Officer Nemunas Biknius (The document is signed with a qualified electronic signature) Chief Financial Officer Gytis Fominas (The document is signed with a qualified electronic signature) Head of accounting Rasa Baltaragienė (The document is signed with a qualified electronic signature)
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 1 Statement of financial position (All amounts are in EUR ’000 unless otherwise stated) Notes As at 30 September 2025 As at 31 December 2024 ASSETS Non-current assets Intangible assets 5 2,543 2,210 Property, plant and equipment 6 272,131 276,754 Right-of-use assets 8 3,551 4,281 Investments in subsidiaries and associates 7 3,552 3,560 Derivatives 9 - 1,153 Deferred tax assets 33 4,202 3,931 Total non-current assets 285,979 291,889 Current assets Inventories 10 4,682 4,761 Prepayments 952 865 Trade receivables 11 6,065 9,763 Other receivable 12 11,407 13,152 Prepaid income tax 14 - Other financial assets 13 7,724 6,735 Cash and cash equivalents 14 761 31 Total current assets 31,605 35,307 Total assets 317,584 327,196 EQUITY AND LIABILITIES Equity Issued capital 15 51,731 51,731 Legal reserve 17 5,173 5,173 Other reserves 17 500 403 Revaluation reserve 17 2,325 2,479 Retained earnings 106,712 115,842 Total equity 166,441 175,628 Non-current liabilities Non-current borrowings 19 100,532 55,312 Lease liabilities 20 2,738 3,492 Contract liabilities 21 1,633 1,700 Provisions 22 937 937 Total non-current liabilities 105,840 61,441 Current liabilities Current borrowings 19 13,315 23,563 Current portion of non-current borrowings 19 5,742 5,919 Current portion of lease liabilities 20 1,014 986 Trade payables 23 4,951 6,384 Prepayments received and contract liabilities 24 1,270 1,036 Income tax liability 546 1,071 Other payables and current liabilities 25 12,528 45,197 Provisions 22 5,937 5,971 Total current liabilities 45,303 90,127 Total equity and liabilities 317,584 327,196 The accompanying notes form an integral part of these financial statements.
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 2 Statement of comprehensive income (All amounts are in EUR ’000 unless otherwise stated) Notes For the period of nine months ended 30 September 2025 For the period of nine months ended 30 September 2024 Revenue 26 49,404 51,437 Other income 27 74 184 49,478 51,621 Purchases of natural gas and other services 28 (9,902) (11,082) Impact of the change of gas balances - - Payroll and related expenses 29 (11,575) (10,652) Purchases of repair and maintenance services (2,189) (1,632) Other expenses 30 (11,114) (9,292) (34,780) (32,658) EBITDA 14,698 18,963 Gain (loss) on derivatives (873) 166 Depreciation and amortisation 5,6,8 (10,978) (11,213) Loss on impairment and write-off of property, plant and equipment (39) (1) Operating profit (EBIT) 2,808 7,915 Finance income 138 130 Finance costs (1,535) (1,764) Total finance costs, net 31 (1,397) (1,634) Share of results of associates 7 424 358 Profit before income tax 1,835 6,639 Income tax Current year income tax expenses (608) (491) Deferred tax benefit (expenses) 271 (477) Total income tax 32 (337) (968) Net profit 1,498 5,671 Other comprehensive income Total other comprehensive income - - Total comprehensive income for the period 1,498 5,671 Basic and diluted earnings per share (EUR) 33 0.01 0.03 The accompanying notes form an integral part of these financial statements.
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 3 Statement of comprehensive income (continued) (All amounts are in EUR ’000 unless otherwise stated) Notes For the period of three months ended 30 September 2025 For the period of three months ended 30 September 2024 Revenue 26 14,420 16,479 Other income 27 35 94 Total revenue and other income 14,455 16,573 Purchase of natural gas and other services 28 (2,542) (2,654) Payroll and related expenses 29 (3,707) (3,118) Purchase of repair and maintenance services (1,102) (598) Other expenses 30 (3,445) (3,192) Total expenses: (10,796) (9,562) EBITDA 3,659 7,011 Gain (loss) on derivatives (789) (73) Depreciation and amortization 5,6,8 (3,671) (3,783) Impairment and write-down losses on tangible fixed assets - - Operating profit (loss) (EBIT) (801) 3,155 Finance income 44 61 Finance costs at fair value (673) (638) Finance costs at fair value 31 (629) (577) Share of net profit of associates 7 87 75 Profit/(loss) before income tax (1,343) 2,653 Income tax Current year income tax expenses 148 (364) Deferred tax benefit (expenses) (59) (65) Total income tax 32 89 (429) Net profit/(loss) (1,254) 2,224 Other comprehensive income - - Total comprehensive income for the period (1,254) 2,224 Basic and diluted earnings /(loss) per share (EUR) 33 (0.01) 0.01
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 4 Statement of changes in equity (All amounts are in EUR ’000 unless otherwise stated) Issued capital Legal reserve Other reserves Revaluation reserve Retained earnings Total Balance as at 31 December 2023 51,731 5,173 114,430 2,767 13,425 187,526 Depreciation of revaluation reserve and write- offs - - - (192) 192 - Reserves established - - (114,027) - 114,027 - Dividends declared - - - - (20,174) (20,174) Total transactions with owners - - (114,027) (192) 94,045 (20,174) Net profit (loss) for the year - - - - 5,671 5,671 Other comprehensive income - - - - - - Total comprehensive income /(loss) for the period - - - - 5,671 5,671 Balance as at 30 September 2024 51,731 5,173 403 2,575 113,141 173,023 Depreciation of revaluation reserve and write- offs - - - (66) 66 - Reserves established - - - - - - Dividends declared - - - - - - Total transactions with owners - - - (66) 66 - Net profit (loss) for the year - - - - 2,635 2,635 Other comprehensive income - - - (30) - (30) Total comprehensive income /(loss) for the period - - - (30) 2,635 2,605 Balance as at 31 December 2024 51,731 5,173 403 2,479 115,842 175,628 Depreciation of revaluation reserve and write- offs - - - (154) 154 - Reserves established - - 97 - (97) - Dividends declared - - - - (10,685) (10,685) Total transactions with owners - - 97 (154) (10,628) (10,685) Net profit (loss) for the year - - - - 1,498 1,498 Other comprehensive income - - - - - - Total comprehensive income/(loss) for the period - - - - 1,498 1,498 Balance as at 30 September 2025 51,731 5,173 500 2,325 106,712 166,441 The accompanying notes form an integral part of these financial statements.
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 5 Statement of cash flows (All amounts are in EUR ’000 unless otherwise stated) Notes For the period of nine months ended 30 September 2025 For the period of nine months ended 30 September 2024 I. Cash flows from operating activities I.1. Net profit 1,498 5,671 Adjustments for non-cash items and other corrections: I.2. Depreciation and amortisation 5,6,8 10,978 11,213 I.3. Revaluation of property, plant and equipment - - I.4. Loss on impairment and gain/loss on disposal/write-off of property, plant and equipment 40 1 I.5. Gain/loss on impairment and write-off of inventories, trade receivables 148 (115) I.6. Income tax expenses (benefit) 32 337 968 I.7. Grants recognised as income - (4) I.8. Increase (decrease) in provisions - - I.9. Elimination of other non-cash items - - Elimination of results of financing and investing activities: I.10. Gain/loss on derivatives 8 873 (166) I.11. Share of results of associate 7 (424) (358) I.12. Change in variable payments - - I.13. Total finance costs, net 31 1,397 1,634 Changes in working capital: I.14. (Increase) decrease in inventories, prepayments and other current assets (171) 440 I.15. (Increase) decrease in trade receivables 3,697 1,670 I.16. (Increase) decrease in other receivables 1,781 941 I.17. (Decrease) increase in trade payables (2,201) (2,284) I.18. (Decrease) increase in other payables and current liabilities (4,821) 6,349 I.19. (Increase) decrease in other financial assets (723) (96) I.20. Income tax received (paid) (1,147) - Net cash flows from operating activities 11,262 25,864 The accompanying notes form an integral part of these financial statements. (cont’d on the next page)
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 6 Statement of cash flows (continued) (All amounts are in EUR ’000 unless otherwise stated) Notes For the period of nine months ended 30 September 2025 For the period of nine months ended 30 September 2024 II. Cash flows from investing activities II.1. (Acquisition) of property, plant and equipment and intangible assets (32,650) (4,484) II.2. Proceeds from disposal of property, plant and equipment 1 2 II.3. Grants received 18 - 6,939 II.4. Sale (acquisition) of subsidiaries (associates) - - II.5. Loans granted (repayments received) - - II.6. Interest received 102 111 II.7. Dividends received 432 564 II.8. Decrease (increase) in deposits 13 (256) (6,085) Net cash flows used in investing activities (32,371) (2,953) III. Cash flows from financing activities III.1. Dividends (paid) (10,678) (20,167) III.2. Proceeds from borrowings 50,000 - III.3. (Repayments) of borrowings (4,780) (4,780) III.4. Change in overdraft (10,356) 4,498 III.5. Interest (paid) (1,609) (1,939) III.6. Coverage of lease liability (738) (633) III.7. Other cash flows from financing activities - (6) Cash flows from/used in financing activities 21,839 (23,027) IV. Net increase (decrease) in cash and cash equivalents 730 (116) V. Cash and cash equivalents at the beginning of the year 14 31 121 VI. Cash and cash equivalents at the end of the period 14 761 5 The accompanying notes form an integral part of these financial statements.
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 7 Notes to the consolidated and separate financial statements (All amounts are in EUR ’000 unless otherwise stated) 1. General information Amber Grid AB (hereinafter the “Company”) is a public limited liability company registered in the Republic of Lithuania. Its registered office address is as follows: Laisvės pr. 10, LT – 04215, Vilnius, Lithuania. Amber Grid AB was registered on 25 June 2013 as a result of unbundling of natural gas transmission activity (including assets, rights and obligations attributed thereto) from Lietuvos Dujos AB. The Company has been actively operating since 1 August 2013. After obtaining a favourable decision from the European Commission, on 10 April 2015 the National Control Commission for Prices and Energy (the National Energy Regulatory Council (NERC) as from 1 July 2019) granted to the Company an energy operator licence No L2-3 (GDP) to engage in natural gas transmission activities for indefinite term in the territory of Lithuania. Acting as a natural gas transmission system operator, the Company provides the following services to the system users, other operators and gas market participants: • natural gas transmission in the territory of Lithuania; • natural gas flow balancing within the transmission system; • administration of funds intended to compensate the construction and fixed operating expenses of the liquefied natural gas terminal (hereinafter - “LNGT”), its infrastructure, connector, and the reasonable supply costs of the required quantity of liquefied natural gas incurred by the designated supplier; • administration of the register of guarantees of origin of gas produced from renewable energy sources. All the shares of the Company are ordinary registered shares with the par value of EUR 0.29 each. As at 30 September 2025 and 31 December 2024, all the shares had been fully paid. The Company had no its own shares. Since 1 August 2013, the Company’s shares have been traded on stock exchange and have been quoted on the Baltic Secondary List of NASDAQ Vilnius. (ISIN – LT0000128696, LEI code 097900BGMP0000061061, ticker AMG1L). As at 30 September 2025 and 31 December 2024, the Company’s shareholders were as follows: Number of shares held Ownership interest, (%) EPSO-G UAB (company code 302826889, Laisvės ave. 10, Vilnius) 172.279.125 96.58 Other shareholders 6.103.389 3.42 178.382.514 100 EPSO-G UAB (hereinafter “EPSO -G”) is a state -owned group of energy transmission and exchange companies (www.epsog.lt). The rights and duties of the sole shareholder of the holding company EPSO -G UAB are exercised by the Ministry of Energy of the Republic of Lithuania (www.enmin.lt). As at 30 September 2025 the Company had an associate UAB GET Baltic UAB (hereinafter – GET Baltic). Up to the date of the change of control (on 31 May 2023) GET Baltic was the subsidiary of the Company. On 31 May 2023, upon sale of 66% shares in GET Baltic, the Company lost control in GET Baltic. For more information on the transfer of the remaining shares of GET Baltic, see Note 36. Information on the shareholding of GET Baltic as at 30 September 2025 and 31 December 2024 is presented below:
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 8 Company name Company’s registered office Shareholding Profile of activities As at 30 September 2025 As at 31 December 2024 GET Baltic UAB Geležinio Vilko st. 18A, LT-08104 Vilnius, the Republic of Lithuania 34% 34% Licensed activities of natural gas market operator trading natural gas short-term and long-term products. As at 30 September 2025, the number of employees on payroll at the Company was 365 (31 December 2024: 356). 2. Summary of material accounting policies The principal accounting policies applied in the preparation of the Company’s financial statements for the period of nine months ended 30 September 2025 are set out below: 2.1 Basis of preparation These condensed interim financial statements, including the statement of financial position, statement of comprehensive income, cash flow statement and the statement of changes in equity for the nine months period ended 30 September 2025 have not been audited. The financial statements for the period ended 31 December 202 4 have been audited and prepared in accordance with International Financial Reporting Standards (IFRS) as adopted in European Union and are in compliance thereof. For a better understanding of the information presented in these financial statements, these interim condensed financial statements should be read together with the annual cosolidated and separate financial statements for the period ended 31 December 2024. PricewatehouseCoopers UAB carried out an audit of Consolidated and separate Financial Statements for the period ended on 31 December 2024. These condensed interim financial statements as of 30 September 2025 were prepared in accordance with International Accounting Standard 34 Interim Financial Reporting. The Company have been following the same accounting principles as the ones that were followed in the preparation of financial statements for the year 2024. The statements were prepared based on an acquisition cost, excluding tangible fixed assets, which were presented at revalued amount. In accordance with the accounting principles of fixed assets of EPSO –G UAB group companies, assets are accounted at revalued amount less accumulated depreciation and impairment losses, whereas grants are accounted for by reducing the carrying amount of the related asset. The Company’s financial year coincides with the calendar year. 2.2 Presentation currency All amounts in these financial statements have been measured and presented in the euros (EUR), which is an official currency of the Republic of Lithuania. These financial statements are presented in EUR ‘000 unless otherwise stated. 3. Accounting estimates and assumptions The preparation of financial statements in conformity with International Financial Reporting Standards requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, income and expenses and disclosure of conti ngencies. The material areas of estimation used in the preparation of these financial statements relate to GET Baltic’s share call/put options (Note 9), provisions (Note 22). Future events may occur which may cause the assumptions used in arriving at the estimates to change. The effect of any changes in estimates will be recorded in the financial statements, when determinable.
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 9 3.1 GET Baltic’s share options On 31 May 2023, the Company purchased a put option enabling the Company to sell the remaining shareholding in GET Baltic at a fixed price. Under the same option agreement, the Company issued a call option for the investor to purchase the remaining shares o f GET Baltic at a fixed price. In the Company management’s assessment, these options meet the definition of derivatives. The put and call options are measured at fair value. Based on the expected completion date of the transaction, upon fulfillment of the contractual obligations by the investor, Company reviewed the assumptions used to determine the fair value of the options. Based on the revised assumptions, the fair value of the options was determined. More information on options is disclosed in Note 9. 3.2 Provisions The Company has a legal dispute with a construction contractor over the non -performance or improper performance of warranty obligations regarding the defects identified in the works during the construction of the gas pipeline interconnection between Poland and Lithuania (GIPL), which the contractor refuses to remedy. As a result of the non - performance or improper performance of the guarantee obligations, the Company has lodged claims for payment of the guarantee funds, and has guarantee funds received in th e amount of EUR 5,815 thousand. The lawfulness of the claims for payment of the guarantee funds is being challenged by the contractor in court. In view of the uncertainties surrounding the outcome of the legal proceedings, the Company has recognised a prov ision for the potential repayment of the guarantee funds. More information on the provision and legal dispute is provided in Notes 2 2 and 34. 4. Segment reporting Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The Company’s chief operating decision-maker, who is responsible for allocating resources and assessing performance, has been identified as the Board of Directors that makes strategic decisions. The Company has one operating segment, which is consistent with the Company’s activity, i.e. the natural gas transmission segment. The Company has a single geographical segment – the Republic of Lithuania. All non -current assets of the Company are domiciled in Lithuania, where the Company operates. The Board as the main decision -making body monitors the results with reference to the financial reports that have been prepared using the same accounting policies as those used for the preparation of the financial statements, i.e., information on profit or loss, including the reported amounts of income and expenses. Key performance indicators are net profit and profit before interest, taxes, depreciation and amortisation, loss on revaluation, impairment and write -off of property, plant and equipment (EBITDA , which is non -GAAP performance indicator). These indicators are calculated on the basis of data reported in the financial statements. EBIT, which is non-GAAP performance indicator, represent profit before interest and taxes. The Board also monitors adjusted performance indicators, particularly the adjusted EBITDA. Adjusted EBITDA ratio is EBITDA ratio further adjusted by adding management’s adjustments. That is non -IFRS alternative performance measure. Management’s adjustments include temporary regulatory differences resulting from the Council’s decisions. Management’s adjustments may have both positive and negative impact on the adjusted ratios for the period. In management’s view, adjusted EBITDA ratio more accurately presents results of the operations and allows for an objective comparison of the results between the periods as revenue and costs have been adjusted due to the regulator’s decisions or are of a one-off nature. Management also analyses investments and net debt of segment. The table below contains information on the Company’s natural gas transmission segment for the period ended 30 September 2025:
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 10 Transmission of natural gas Revenue and other income 49,478 Operating expenses, excl. depreciation, write-off and impairment (34,780) EBITDA 14,698 Adjusted EBITDA 22,766 Temporary regulatory differences for previous periods 3,466 Temporary regulatory differences for reporting period 4,602 Overall effect of management’s adjustments on EBITDA 8,068 EBITDA (under IFRS) reconciliation to Net profit/loss (13,200) Depreciation and amortisation (10,978) Loss on impairment and write-off of property, plant and equipment (39) Total finance costs, net (1,397) Income tax (337) Gains (losses) on derivative financial instruments (873) Share of net profit of associates 424 Net profit/(loss) 1,498 Total assets 317,584 Net debt 115,617 Investments (additions of property, plant and equipment and intangible assets) 5,972 The table below contains information on the Company’s natural gas transmission segment for the period ended 30 September 2024: Transmission of natural gas Revenue and other income 51,621 Operating expenses, excl. depreciation, write-off and impairment (32,658) EBITDA 18,963 Adjusted EBITDA 20,897 Temporary regulatory differences for previous periods 1,505 Temporary regulatory differences for reporting period 429 Overall effect of management’s adjustments on EBITDA 1,934 EBITDA (under IFRS) reconciliation to Net profit/loss (13,292) Depreciation and amortisation (11,213) Loss on impairment and write-off of property, plant and equipment (1) Finance costs, net (1,634) Income tax (968) Gains (losses) on derivative financial instruments 166 Share of net profit of associates 358 Net profit/(loss) 5,671 Total assets 325,654 Net debt 96,281 Investments (additions of property, plant and equipment and intangible assets) 3,885
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 11 5. Intangible assets Movements on intangible assets account during the current and previous reporting period were as follows: Patents and licences Computer software Other intangible assets Protected areas Total As at 31 December 2023 7 1,526 - 1,026 2,559 Cost (revalued amount) 55 5,571 5 1,026 6,657 Accumulated amortisation (48) (4,045) (5) - (4,098) Net book value as at 31 December 2023 7 1,526 - 1,026 2,559 Additions - 379 - - 379 Write-offs - - - - - Amortisation charge (3) (545) - - (548) Off-set of grants against non-current assets - - - - - As at 30 September 2024 4 1,360 - 1,026 2,390 Acquisition/revaluation amount 55 5,950 5 1,026 7,036 Accumulated amortisation (51) (4,590) (5) - (4,646) Net book value as at 30 September 2024 4 1,360 - 1,026 2,390 Net book value as at 31 December 2024 4 1,228 - 978 2,210 Additions - 632 - - 632 Write-offs - - - - - Amortisation charge (3) (296) - - (299) Off-set of grants against non-current assets - - - - - As at 30 September 2025 1 1,564 - 978 2,543 Acquisition/revaluation amount 55 6,651 5 978 7,689 Accumulated amortisation (54) (5,087) (5) - (5,146) Net book value as at 30 September 2025 1 1,564 - 978 2,543 Depreciation of grants in amount of EUR 53 thousand as at 30 September 2025 (31 December 2024: EUR 132 thousand) was reported in the statement of profit or loss as an offsetting of depreciation of related assets against proceeds from grants. Taking into account changes in the regulatory framework, the value of services for the establishment of protected zones and classes of the areas acquired through public procurement, changes in the prices of services provided by the State Enterprise Centre of Registers (e-delivery, submission of registration data), as at 31 December 2024 the Company reviewed the estimated cost of establishing special land use conditions. Due to changes in assumptions, the value of provision and related intangible assets was reduced by EUR 48 thousand. As at 30 September 2025, no changes in assumptions affecting the amount of the provision for special land use conditions have been identified. 6. Property, plant and equipment Movements on the property, plant and equipment account during the current and previous reporting period were as follows:
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 12 Land Buildings Structures and equip- ment Plant and machinery Vehicles Other PP&E Constru- ction work in progress Total As at 31 December 2023 136 7,647 228,189 37,702 135 4,668 5,876 284,353 Acquisition/revaluation amount 136 7,647 228,189 37,702 135 4,668 5,876 284,353 Accumulated depreciation - - - - - - - - Net book value as at 31 December 2023 136 7,647 228,189 37,702 135 4,668 5,876 284,353 Additions - - - 40 3 114 3,349 3,506 Write-offs - - - - - - - - Sales - - - - - (1) - (1) Reclassification from/to inventories - - (4) 71 - - - 67 Reclassifications between categories - 1,276 1,011 194 - 229 (2,710) - Depreciation charge - (263) (5,203) (3,016) (70) (1,437) - (9,989) Off-set of grants against non-current assets - 34 193 77 - 27 (170) 161 As at 30 September 2024 136 8,694 224,186 35,068 68 3,600 6,345 278,097 Acquisition/revaluation amount 136 8,957 229,389 38,084 138 5,037 6,345 288,086 Accumulated depreciation - (263) (5,203) (3,016) (70) (1,437) - (9,989) Net book value as at 30 September 2024 136 8,694 224,186 35,068 68 3,600 6,345 278,097 Net book value as at 31 December 2024 136 8,608 227,141 34,317 4 4,228 2,320 276,754 Additions - - - 238 105 142 4,855 5,340 Write-offs - - - - - - - - Disposals - - - - - - - - Reclassification from/to inventories - - (25) - - (1) - (26) Reclassifications between categories - 1,472 2,449 205 - 812 (4,938) - Depreciation charge - (293) (5,447) (2,763) (4) (1,430) - (9,937) Off-set of grants against non-current assets - - - - - - - - As at 30 September 2025 136 9,787 224,118 31,997 105 3,751 2,237 272,131 Acquisition/revaluation amount 136 10,431 236,420 38,749 201 7,154 2,237 295,328 Accumulated depreciation - (644) (12,302) (6,752) (96) (3,403) - (23,197) Net book value as at 30 September 2025 136 9,787 224,118 31,997 105 3,751 2,237 272,131 In the Company non-current assets are accounted at revalued amount of assets, reduced by the amount of accumulated depreciation, recognized grants and impairment losses. The cost of PP&E as at 30 September 2025 included: main gas pipeline reconstruction works based on diagnostic results amounting to EUR 1,856 thousand ; the renovation of cathodic protection systems amounting to EUR 479 thousand; the
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 13 reconstruction of the Elektrėnai GDS amounting to EUR 492 thousand; the reconstruction of the Dispatching Building amounting to EUR 342 thousand; gas pressure regulator upgrades amounting to EUR 142 thousand, optimization of GCS capacity and ensuring long-term continuity amounting to EUR 117 thousand, etc. Prepayments for PP&E, reflected under construction in progress: As at 30 September 2025 As at 31 December 2024 Carrying amount at the beginning of the period 20 48 Prepayment for PP&E during the period - 269 Moved to construction in progress (20) (297) Carrying amount at the end of the period - 20 Depreciation of grants in amount of EUR 3,870 thousand as at 30 September 2025 (31 December 2024 : EUR 3,811 thousand) was reported in the statement of profit or loss as an offsetting of depreciation of related assets against proceeds from grants. The table below presents the net book values of property, plant and equipment, which would have been recognised had the historical cost method been used, less grants received and negative revaluations that would be treated as an impairment equivalent, as at 30 September 2025 and 31 December 2024: Land Buildings Structures and equipment Plant and machinery Vehicles Other PP&E Construction work in progress Total As at 30 September 2025 125 9,702 222,675 30,771 105 3,748 2,237 269,363 As at 31 December 2024 125 8,519 225,655 32,958 4 4,225 2,320 273,806 Had the value of the Company‘s PP&E been not reduced by the amount of grants, the carrying amount of PP&E as at 30 September 2025 would be higher by EUR 127,957 thousand (31 December 2024: EUR 131,827 thousand). Information on grants received/receivable used to reduce the value of property, plant and equipment: As at 30 September 2025 As at 31 December 2024 Carrying amount at the beginning of the period 131,827 137,169 Grants used for the acquisition of fixed assets - (161) Depreciation charge (3,870) (5,181) Write-offs - - Carrying amount at the end of the period 127,957 131,827 7. Loss of control of subsidiary, investment in associate After the sale of a 66 % shareholding in GET Baltic was completed, the Company lost control of GET Baltic on 31 May 2023. The remaining part of the investment in GET Baltic after the loss of control is recognised as an investment in an associate, which was measured at fair value at the time of loss of control. Investment in an associate in consolidated and separate financial statements is accounted for using the equity method. Summarized statement of financial position of GET Baltic as at 30 September 2025 and 31 December 2024 is presented below:
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 14 As at 30 September 2025 As at 31 December 2024 Non-current assets 97 165 Current assets 2,695 53,343 Total assets: 2,792 53,508 Non-current liabilities 16 43 Current liabilities 749 51,414 Total liabilities: 765 51,457 Net assets 2,027 2,051 Company's share, % 34% 34% Company's share of net assets 689 697 Share of godwill 2,863 2,863 Carrying amount of investment in associate 3,552 3,560 Summarized statement of comprehensive income of GET Baltic for the period ended 30 September 2025 and 31 December 2024 is presented below: As at 30 September 2025 As at 31 December 2024 Revenue 1,671 1,918 Profit before tax 1,490 1,676 Income tax benefit (expenses) (243) (264) Net profit (loss) 1,247 1,412 Other comprehensive income - - Total comprehensive income for the period 1,247 1,412 Total comprehensive income attributable to the Company 424 480 Dividends paid to Company 432 564 Changes in carrying amount of the investment in associate due to the application of the equity method: As at 30 September 2025 As at 31 December 2024 Carrying amount at the beginning of the period 3,560 3,644 Acquisition - - Associate’s net profit (loss) 424 480 Associate’s other comprehensive income - - Dividends received (432) (564) Carrying amount at the end of the period 3,552 3,560 8. Right-of-use assets As described below, the Company have taken on lease office premises, motor vehicles, and land. Lease periods for premises, motor vehicles and land are 5 -10 years, 3 years, and 99 years, respectively. The Company assessed the probability of exercising the l ease extension option when recognising right -of-use assets and lease liabilities, and when determining the lease periods. From 1 January 2025 the Company has reviewed the value of right of use assets (office premises) for rent indexation. The rent for the office premises may be revalued based on the average change in the consumer price index in line with inflation, but may not exced 2 per cent.
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 15 Buildings Land Vehicles Total Net book value at 31 December 2023 1,346 1,462 292 3,100 New leases - - 2,059 2,059 Indexation 28 - - 28 Depreciation charge (137) (12) (527) (676) Net book value as at 30 September 2024 1,237 1,450 1,824 4,511 Initial cost 1,775 1,534 2,381 5,690 Accumulated depreciation (538) (84) (557) (1,179) Net book value as at 30 September 2024 1,237 1,450 1,824 4,511 - Net book value as at 31 December 2024 1,190 1,446 1,645 4,281 New leases - - - - Indexation 12 - - 12 Depreciation charge (139) (12) (591) (742) Net book value as at 30 September 2025 1,063 1,434 1,054 3,551 Initial cost 1,787 1,534 2,399 5,720 Accumulated depreciation (724) (100) (1,345) (2,169) Net book value as at 30 September 2025 1,063 1,434 1,054 3,551 As the useful life of the right -of-use assets is longer than the lease term, depreciation is calculated from the commencement date of the lease till the end of the lease term. 9. Derivatives The Company’s derivatives are reported under the following items of the statement of financial position: As at 30 September 2025 As at 31 December 2024 Non-current assets Put option of GET Baltic - 1,153 Total non-current derivative assets: - 1,153 Current assets Put option of GET Baltic 10 - Total current derivative assets: 10 - Current liabilities Call option of GET Baltic 384 654 Total current derivative liabilities: 384 654 Information on the fair values of derivatives is presented below: Share option Subscription date Maturity Exercise price, EUR Fair value of option As at 30 September 2025 As at 31 December 2024 Put Option As at 31 May 2023 As at 10 October 2025 3.86 10 1,153 Call Option As at 31 May 2023 As at 10 October 2025 3.86 384 654
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 16 After the investor ha s fulfilled its obligations the options are classified as a current assets and current liability. The fair value was determined based on the above-mentioned option exercise date. Information on the changes in the fair value of derivatives: As at 30 September 2025 As at 31 December 2024 Non-current assets Carrying amount at the beginning of the period 1,153 1,226 Initial recognition Change in fair value (1,143) (73) (10) Carrying amount at the end of the period - 1,153 As at 30 September 2025 As at 31 December 2024 Current assets Carrying amount at the beginning of the period - - Initial recognition Change in fair value - - Reclassification from non-current assets (10) Carrying amount at the end of the period (10) - As at 30 September 2025 As at 31 December 2024 Current liabilities Carrying amount at the beginning of the period 654 364 Initial recognition Change in fair value (270) 290 Carrying amount at the end of the period 384 654 10. Inventories As at 30 September 2025 As at 31 December 2024 Raw materials, spare parts and other inventories 1,300 1,245 Natural gas 3,968 3,908 Assets held for sale - 40 Inventories, gross 5,268 5,193 Less: impairment (586) (432) Total inventories 4,682 4,761 The decrease in the carrying amount of inventories as at 30 September 2025 , compared to 31 December 2024 , was influenced by inventory write-down allowance to bring the carrying amount of inventories in line with their net realizable value. The acquisition cost of the Company’s inventories accounted for at net realisable value as at 30 September 2025 amounted to EUR 823 thousand (31 December 2024: EUR 794 thousand). Inventory write-down allowance was included in other expenses.
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 17 11. Trade receivables As at 30 September 2025 As at 31 December 2024 I. Trade receivables under contracts with customers I.1 Receivables after one year - - Net book of receivables after one year: - - I.2. Current trade receivables Receivables for transmission of natural gas 4,913 8,103 Receivables for natural gas 27 112 Receivables for balancing of transmission system 1,135 1,564 Receivables for other services 5 4 Less: expected credit losses for trade receivables (23) (23) Trade receivables under contracts with customers 6,057 9,760 II. Trade receivables under other contracts Other trade receivables 8 3 Less: impairment of trade receivables - - Total trade receivables under other contracts 8 3 Total trade receivable 6,065 9,763 Current trade receivables are interest free and their settlement term is typically between 7 and 30 calendar days. As at 30 September 2025, compared to 31 December 2024, trade receivables decreased by 38%. The decrease in trade receivables mainly was influenced by a decrease in receivable s for transmission of natural gas due to seasonality . Impairment allowance of EUR 23 thousand was established for trade receivables as at 30 September 2025 (31 December 2024: EUR 23 thousand). The Company applies a simplified credit risk assessment approach as required by IFRS 9, and accounts for loss allowances for lifetime credit losses from initial recognition of receivables. To determine credit losses for receivables, the Company applies an individual assessment and a provision matrix. The loss ratio matrix is based on historical data for a period exceeding 36 months on settlements of debts by customers. Debts of entities undergoing or in bankruptcy/liquidation are subject to a 100% expected credit loss ratio. Expected credit losses of trade receivables as at 30 September 2025 were as follows: Not past due 1-30 days 31-90 days 91-180 days 181 and more days Total: Trade receivables assessed individually 1,430 - - - 1,430 Expected credit losses (15) - - - - (15) Trade receivables assessed collectively State-owned companies 1,499 - - - - 1,499 Loss ratio 0% 0% 0% 0% 0% Expected credit losses - - - - - - Other entities 2,990 101 68 - - 3,159 Loss ratio 0,04% 2,99% 5,83% 17,55% 100% Expected credit losses (1) (3) (4) - - (8) Total trade receivables 5,919 101 68.00 - - 6,088 Total expected credit losses (16) (3) (4) - - (23) Expected credit losses of trade receivables as at 31 December 2024 were as follows:
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 18 Not past due 1-30 days 31-90 days 91-180 days 181 and more days Total: Trade receivables assessed individually 3,619 - - - - 3,619 Expected credit losses (15) - - - - (15) Trade receivables assessed collectively State-owned companies 2,673 - - - - 2,673 Loss ratio 0% 0% 0% 0% 0% Expected credit losses - - - - - - Other entities 3,273 221 - - - 3,494 Loss ratio 0,04% 2,99% 5,83% 17,55% 100% Expected credit losses (1) (7) - - (8) Total trade receivables 9,565 221 - - 9,786 Total expected credit losses (16) (7) - - - (23) Movement on impairment allowance account of the Company‘s trade receivables: As at 30 September 2025 As at 31 December 2024 Carrying amount at the beginning of the period 23 19 Impairment (reversal of impairment) - 4 Carrying amount at the end of the period 23 23 12. Other receivables As at 30 September 2025 As at 31 December 2024 Non-financial assets LNGT funds receivable 8,145 11,626 Grants receivable - - Taxes receivable 85 221 Total non-financial assets 8,230 11,847 Contract assets 2,910 1,220 Financial assets Other receivables 267 85 Total financial assets 267 85 Total other receivables 11,407 13,152 The fair value of other receivables of the Company approximates their carrying amount. As at 30 September 2025 LNGT funds receivable included an overdue amount of EUR 7,520 thousand, which consisted of overdue amount of Achema AB . As at 31 December 2024 , the overdue amount included in LNG T funds receivable amounted to EUR 6,582 thousand of which EUR 6,432 thousand of AB Achema debt. The legal dispute with Achema AB is disclosed in Note 34. The decrease in LNG T funds receivable at 30 September 2025 , compared to 31 December 2024 , was influenced by the significantly lower security surcharge on the natural gas transmission price applicable from 1 January 2025, which also is negative. The Company does not recognise impairment for the LNG T funds receivable as the Company, acting as administrator of the LNGT funds, is not exposed to credit risk. Since the LNG T funds are not treated as assets of the administrator of the LNG T funds based on the Description of the procedure for administration of the LNGT funds, and therefore, they cannot be subject to debt recovery procedures based on the obligations of the administrator of the LNGT funds that are not related to the administration of the LNGT funds. The increase in contract assets was influenced by the accumulated receivables under the terms of the contract, which enable the buyer to pay for the committed volume of natural gas to be transported.
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 19 No impairment was established for the Company‘s other amounts receivables as the amount is insignificant. 13. Other financial assets As at 30 September 2025 and 31 December 2024, the Company’s other financial assets comprised term deposits, security deposits collected from the system users, deposits payed, derivative financial instruments and LNGT funds administered. The security deposits received from the system users is held in the form of term bank deposits. Three fixed -term deposit agreements with different maturities were concluded for storage of the deposits: EUR 575 thousand (12-month fixed-term deposit), EUR 216 thousand (6 -month fixed -term deposit), and EUR 358 thousand ( 3-month fixed -term deposit). The Company aslo is entered into a term deposit agreement for a period of 9 months in the amount of EUR 5,815 thousand. The funds of the deposit are intended for possible future long-term obligations for upgrade and reliability assurance works of the transmission infrastructure managed by the Company. The Company holds its security deposits collected from the system users, term deposits and LNGT funds with banking institutions, that are rated by international rating agencies as having high investment-grade ratings for long-term obligations, not lower than : Standard & Poors (A+), Moody’s (Aa3) anf Fitch (AA-). Given that these funds are held with reliable financial institutions and the credit risk is minimal, consequently, ECLs were not recognised for these financial assets. As at 30 September 2025 As at 31 December 2024 LNGT funds - 3 Funds deposited for guarantees and deposits 1,899 917 Fixed-term deposits 5,815 5,815 Derivative financial instruments 10 - Total other financial assets 7,724 6,735 14. Cash and cash equivalents As at 30 September 2025 As at 31 December 2024 Cash at bank 761 31 Total cash and cash equivalents 761 31 The Company keeps its cash balances on bank accounts. As at 30 September 2025 the cash balance of EUR 750 thousand consisted of funds in a bank account dedicated to the natural gas exchange, through which payments for natural gas are made. As at 30 September 2025 , the cash balance held in other bank accounts was not material due to the Company’s treasury management policy aimed at maintaining minimum cash balances. 15. Issued capital The Company‘s share capital amounted to EUR 51,731 thousand and it is divided into 178,382,514 ordinary registered shares with par value of EUR 0.29 each. All shares were fully paid as at 30 September 2025 and 31 December 2024. 16. Dividends During the Company‘s Ordinary General Meeting of Shareholders held on 30 April 2025, the decision was made to pay dividends in total amount of EUR 10,685 thousand, i.e. EUR 0.0599 per share. During the Company‘s Ordinary General Meeting of Shareholders held on 30 April 2024, the decision was made to pay dividends in total amount of EUR 20,174 thousand, i.e. EUR 0.1131 per share. 17. Reserves Legal reserve A legal reserve is a compulsory reserve under the laws of the Republic of Lithuania. Annual transfers of not less than 5% of net profit are compulsory until the reserve reaches 10% of the authorised share capital. The Company’s legal reserve amounts to EUR 5,173 thousand and represents 10% of its authorised share capital.
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 20 Other reserves Other reserves are formed by the decision of the Annual General Meeting of Shareholders regarding the proposed appropriation of profit. When approving the proposed appropriation of profit for 2024, an unutilised reserves EUR 403 thousand were transferred back to retained earnings, a EUR 500 thousand share of profit allocated to a target reserve for support. When approving the proposed appropriation of profit for 2023, an unutilised reserves EUR 114,430 thousand were transferred back to retained earnings, a EUR 403 thousand share of profit allocated to a target reserve for support. The Company’s profit for the development of its operations and for the implementation of strategic projects, temporarily restricting the use of profits, was accrued in other reserves. Reserves were cancelled following the achievement of the objectives for which the restrictions on the use of profits were imposed. Revaluation reserve Below are presented the changes in the revaluation reserve: As at 30 September 2025 As at 31 December 2024 Carrying amount at the beginning of the period 2,479 2,767 PP&E revaluation impact - - Transfer of revaluation reserve to retained earnings (184) (304) Effect of deferred income tax 30 46 Impact of a change in income tax tariff - (30) Carrying amount at the end of the period 2,325 2,479 Pursuant to Articles 39, 42, 51 and 59 of the Law on Companies of the Republic of Lithuania, no part of the revaluation reserve may be distributed, either directly or indirectly, it may be used only to increase the issued capital. The general meeting of shareholders may not adopt a decision to pay dividends if the equity capital of the company is lower or upon payment of dividends would become lower than the revaluation reserve, i.e. the use of the revaluation reserve for profit/loss allocation is prohibited. 18. Grants Grants comprise grants for the acquisition of non-current assets and compensation of expenses. As at 30 September 2025 and 31 December 2024 movements in grants were as follows: Opening balance As at 30 September 2025 As at 31 December 2024 Grants receivable (Note 12) - 7,360 Grants received in advance (current liabilities) - (10) - 7,350 Recognised grants Transfer to property, plant and equipment (Note 6) - - Transfer to intangible assets (Note 5) - - Write-off - (161) Grants used for compensation of expenses - 3 - (158) Grants received Grants received as cash - 7,192 - 7,192 Grants received in the form of assets - - Closing balance Grants receivable (Note 12) - - Grants received in advance (current liabilities) - - - -
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 21 19. Borrowings On 1 August 2025 the Company entered into a five -year long-term loan agreement with EPSO -G, which refinanced a previously granted short-term loan of EUR 50 ,000 thousand. The entire long -term loan will be repaid at the end of the term. To balance its working capital, on 2 8 August 2025 the Company with EPSO-G and other group companies entered into a cash pool contract, based on which the maximum borrowing limit (overdraft) was set in amount of EUR 30,000 thousand. As at 30 September 2025 , the Company’s borrowings under this contract amounted to EUR 13,127 thousand ( 31 December 2024 under the short-term loan from EPSO-G in force at the time: EUR 23,482 thousand). As at 30 September 2025 , the weighted average interest rate on the Company’s borrowings was 2.31% (31 December 2024: 2.25%). As at 30 September 2025 As at 31 December 2024 Non-current borrowings 100,532 55,312 Current borrowings 19,057 29,482 Current borrowings 13,127 23,482 Current portion of non-current borrowings 5,649 5,649 Accrued interest payable 281 351 Total borrowings 119,589 84,794 Non-current borrowings by maturity: As at 30 September 2025 As at 31 December 2024 Between 1 and 2 years 5,649 5,649 Between 2 and 5 years 66,948 16,948 After 5 years 27,935 32,715 Total 100,532 55,312 All borrowings of the Company were obtained in the euros, and therefore, the outstanding balances of borrowings were denominated in the euros for the period of 30 September 2025 and 31 December 2024, thereby resulting in no foreign exchange effect. There are no third-party guarantees or assets pledged by the Company as a collateral for bank borrowings. Net debt balances: As at 30 September 2025 As at 30 September 2024 Cash and cash equivalents 761 5 Other liquid assets 6,963 - Non-current borrowings (100,532) (56,181) Lease liabilities (2,738) (3,733) Current portion of non-current borrowings (5,649) (5,649) Current borrowings (13,127) (29,506) Accrued interest payable (281) (246) Current portion of lease liabilities (1,014) (971) Net debt (115,617) (96,281) Reconciliation of net debt balances and cash flows from financing activities:
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 22 Cash Other liquid assets Borrowings Lease liabilities Total Net debt as at 31 December 2023 121 - (92,046) (3,250) (95,175) Changes in cash and cash equivalents (116) - - - (116) Loan (received) - - - - - Repayment of borrowings - - (4,498) - (4,498) Change in overdraft - - 4,780 - 4,780 Lease payments - - - 633 633 Concluded lease contracts - - - (2,059) (2,059) Indexation - - - (28) (28) Other changes: Interest charges expensed and interest capitalised - - (1,686) (71) (1,757) Interest paid - - 1,868 71 1,939 Other non-cash changes - - - - - Net debt as at 30 September 2024 5 - (91,582) (4,704) (96,281) Net debt as at 31 December 2024 31 6,707 (84,794) (4,478) (82,534) Changes in cash and cash equivalents 730 - - - 730 Increase in other liquid assets* - 256 - - 256 Loans (received) - - (50,000) - (50,000) Repayment of borrowings - - 4,780 - 4,780 Change in overdraft - - 10,355 - 10,355 Lease payments - - - 738 738 Concluded lease contracts - - - - - Indexation - - - (12) (12) Other changes: Interest charges expensed and interest capitalised - - (1,473) (66) (1,539) Interest paid - - 1,543 66 1,609 Other non-cash changes - - - - - Net debt as at 30 September 2025 761 6,963 (119,589) (3,752) (115,617) * According to the assessment of the Group‘s and the Company's management, when analyzing the level of net debt for management purposes, calculating this indicator, financial debts are reduced not only by cash and cash equivalents, but also by other liquid asset balances (Note 13), which consist of highly liquid and low-risk instruments, i.e. deposits over 90 days or government securities of high credit rating countries with a maturity of up to 360 days. The composition of the components used in calculating the indicator was selected taking into account the fact that the conversion of these financial instruments into cash can be realized in a very short time and without incurring any or insignificant financial losses. 20. Lease liabilities Lease liabilities and their movement were as follows:
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 23 As at 30 September 2025 As at 31 December 2024 Carrying amount at the beginning of the period 4,478 3,250 Indexation 12 28 Concluded lease contracts - 2,076 Terminated lease contracts (write-off of debt and accrued interest) - - Interest charged 66 103 Lease payments (principal and interest) (804) (979) Carrying amount at the end of the period 3,752 4,478 Non-current lease liabilities 2,738 3,492 Current lease liabilities 1,014 986 Future rental payments under non-cancellable lease agreements: Lease liabilities As at 30 September 2025 As at 31 December 2024 Current portion 1,014 986 Maturity of non-current liabilities: 2,738 3,492 Between 1 and 2 years 715 1,013 Between 2 and 3 years 198 314 Between 3 and 5 years 395 390 After 5 years 1,430 1,775 Interest charged on lease liabilities and included in the Company’s finance costs amounted to EUR 66 thousand as at 30 September 2025 (30 September 2024: EUR 71 thousand). The Company has a lease contract for office premises with variable lease payments not included in the value of lease liabilities. As from 1 January 202 5, the lease rate for office premises revised in view of changes in the average consumer price index up to a maximum of 2 per cent. As at 30 September 2025, the Company’s lease payments (principal amount) totalled EUR 738 thousand (as at 30 September 2024: EUR 633 thousand). The Company had no short-term lease contracts. 21. Contract liabilities Funds from connection of new system users to the gas transmission system are recognised as liabilities under contracts with customers. Contract liabilities included as follows: As at 30 September 2025 As at 31 December 2024 Non-current portion of contract liabilities under connection contracts 1,633 1,700 Total non-current contract liabilities 1,633 1,700 Current portion of contract liabilities under connection contracts 89 89 Prepayments received for connection services - - Total current liabilities under contracts with customers 89 89 Total contract liabilities 1,722 1,789
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 24 22. Provisions As at 30 September 2025 As at 31 December 2024 Provisions for pension benefits to employees 793 793 Provisions for registration of special land use conditions (protected areas) 266 300 Provision for repayment of guarantee funds 5,815 5,815 Carrying amount 6,874 6,908 Non-current provisions 937 937 Current provisions 5,937 5,971 Movement in provisions: Provisions for pension benefits to employees Provisions for registration of protection zones Provision for repayment of guarantee funds Total Carrying amount as at 31 December 2023 774 356 - 1,130 Calculated 19 - 5,815 5,834 Revised estimate - (49) (49) Payments made - (7) (7) Carrying amount as at 31 December 2024 793 300 5,815 6,908 Calculated - - - - Revised estimate - - - - Payments made - (34) (34) Carrying amount as at 30 September 2025 793 266 5,815 6,874 The Company has obligation to register special conditions for the use of land (protection zones). As at 30 September 2025, the Company’s outstanding obligation to register special conditions for the use of land (protection zones) amounted to EUR 266 thousand (31 December 2024: EUR 300 thousand). Following the contractor’s failure to perform and/or improper performance of its warranty obligations under the contract for the construction of the gas pipeline interconnection between Poland and Lithuania (GIPL), the Company has received guarantee funds of EUR 5,815 thousand under the guarantee bank guarantees provided by the contractor Alvora UAB. In the event the contractor challenges the non-performance or improper performance of its warranty obligations in court and requests to declare the Company’s claims for payment of the guarantee funds unlawful, the Company has made a provision for the expected repayment of funds received under the guarantee. More information on the legal dispute with Alvora UAB is disclosed in Note 34. 23. Trade payable As at 30 September 2025 As at 31 December 2024 Payables for property, plant and equipment 1,737 969 Payables for goods and services 1,576 1,602 Payables for repair services - 47 Payables for natural gas 72 1,513 Payables for balancing services 1,566 2,253 4,951 6,384 Trade payables are non -interest bearing and are generally collectible within 30 days. As at 3 0 September 2025, trade payables were by 22% lower than as at 31 December 2024. The decrease in trade payables was influenced by lower debts
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 25 for natural gas and balancing services. A bank account de dicated to the natural gas exchange is used for payments for natural gas, with the required cash balance guaranteed. 24. Prepayments received As at 30 September 2025 As at 31 December 2024 Financial liabilities Security deposits received 1,149 918 Other prepayments received - - Total financial liabilities 1,149 918 Non-financial liabilities Contract liabilities 89 89 Advance grants received - - Other accrued revenue - - Other prepayments received 32 29 Total non-financial liabilities 121 118 Total prepayments received and contract liabilities 1,270 1,036 As at 30 September 2025 in prepayments received consisted of comprised security deposits received from the system users as a contract enforcement measure amounted to EUR 1,149 thousand as at ( 31 December 2024 – EUR 918 thousand). The system user, before entering into the transmission contract, must provide the Company with appropriate contract enforcement measures. 25. Other amounts payable and current liabilities As at 30 September 2025 As at 31 December 2024 Non-financial liabilities Employment-related liabilities 2,010 1,952 Accrued expenses relating to vocation reserve 1,363 1,525 Administered LNGT funds payable 8,145 10,794 Accrued administered LNGT funds - 833 Real estate tax payable - 780 Payable value added tax - - Other taxes payable 33 16 Other payables - - Total non-financial liabilities 11,551 15,900 Financial liabilities Payable CBCA contribution - 27,450 Payable dividends 80 73 Other payables 1 - Accrued expenses 512 1,120 Derivative liabilities 384 654 Total financial liabilities 977 29,297 Total other payables 12,528 45,197 The decrease in the Company's other payables was influenced by the payment of compensation (CBCA contribution) to the Polish transmission system operator as specified in the Transmission System Operators Agreement (ITA Agreement) and the decision of the Agency for the Cooperation of Energy Regulators (ACER). The decrease in derivative liabilities was influenced by the changes in the fair value of derivative financial instruments.
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 26 26. Revenue The Company‘s revenue includes as follows: For the period of nine months ended 30 September 2025 For the period of nine months ended 30 September 2024 Revenue under contracts with customers Transmission of natural gas in the territory of Lithuania 42,718 42,172 Revenue from system balancing products 6,490 9,094 Revenue from connection of new consumers (deferred revenue) 67 52 Other income 45 25 Total revenue from contracts with customers 49,320 51,343 Revenue other than under contracts with customers Revenue from administration of LNG terminal funds 84 94 Total revenue other than under contracts with customers 84 94 Total revenue 49,404 51,437 For the period of nine months ended 30 September 2025 For the period of nine months ended 30 September 2024 Revenue recognised over the period Transmission of natural gas in the territory of Lithuania 42,718 42,172 Revenue from system balancing products 6,490 9,094 Other income 196 171 Total revenue recognised over the period 49,404 51,437 Revenue recognised at a point in time, upon provision of services Total revenue recognised at a point in time, upon provision of services: - - Total revenue under contracts with customers 49,404 51,437 The change in revenue from natural gas transmission and related services for the nine -months period in 2025 compared to the nine -month period in 2024 decreased by 4%. The decrease was influenced by 28.6% decrease in revenue from system balancing products (EUR 6,490 thousand in 2025 compared to EUR 9,094 thousand in 2024), reflecting lower gas demand for balancing activities in the market. Meanwhile, revenues from natural gas transmission services rem ained stable, increasing slightly by 1.3%, while other revenues increased by 14.6%, but these changes did not offset the decline in balancing revenues. 27. Other income The Company‘s other income includes as follows: For the period of nine months ended 30 September 2025 For the period of nine months ended 30 September 2024 Grants recognised as income - 4 Proceeds from the sale of inventories and returnable materials 12 4 Rental income 8 5 Gain on disposal of PP&E 1 1 Interest on late payment 21 36 Other income 32 134 74 184
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 27 28. Purchase of natural gas The cost of purchase of natural gas were consisted of: For the period of nine months ended 30 September 2025 For the period of nine months ended 30 September 2024 Expenses for natural gas system balancing products (6,208) (9,818) Expenses for natural gas technological needs (3,694) (1,264) Total* (9,902) (11,082) Natural gas costs for the nine-months period in 2025 compared to the nine-months period in 2024, decreased by 1 1%. The changes in natural gas costs were driven by a 34% decrease in gas consumed for the specified needs, despite the fact that the weighted average price of gas increased during the period. 29. Payroll and related expenses Payroll and related expenses were consisted of: For the period of nine months ended 30 September 2025 For the period of nine months ended 30 September 2024 Wages and salaries (11,371) (10,463) Cost of social security contributions (204) (189) Total wages and related costs: (11,575) (10,652) 30. Other expenses Other expenses of the Company were consisted of: For the period of nine months ended 30 September 2025 For the period of nine months ended 30 September 2024 Telecommunications and IT system expenses (1,719) (1,544) Business trips (271) (201) Consulting services (58) (278) Expenses of governing bodies (87) (78) Management services (551) (534) Personnel development (141) (87) Public relations (160) (112) Premise expenses (527) (600) Transport (643) (584) Council fee (763) (834) Taxes (2,583) (2,484) Business protection (611) (428) Membership fees (210) (199) Insurance (376) (470) Change in value of variable considerations (1,304) - Other expenses (1,110) (859) Total (11,114) (9,292)
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 28 31. Financing activities For the period of nine months ended 30 September 2025 For the period of nine months ended 30 September 2024 Interest income 138 130 Other - - Total finance income 138 130 Interest costs (1,535) (1,758) Other finance costs - (6) Total finance costs (1,535) (1,764) Total finance costs, net (1,397) (1,634) 32. Current and deferred income tax Income tax expenses include as follows: For the period of nine months ended 30 September 2025 For the period of nine months ended 30 September 2024 Current income tax expense for the reporting year 608 491 Deferred income tax expenses (benefit) (271) 477 Income tax expenses/(benefit) for the reporting period 337 968 Deferred income tax assets and deferred income tax liabilities were offset in the Company’s statement of financial position, as they were related to the same tax authority. When estimating the components of deferred income assets and liabilities as at 30 September 2025 and 31 December 2024 the Company applied income tax rate of 16%. The reported amount of current income tax expenses can be reconciled to the income tax expenses that would result from applying specified income tax rate to profit before tax: For the period of nine months ended 30 September 2025 For the period of nine months ended 30 September 2024 Profit (loss) before tax 1,835 6,639 Income tax (expenses) at the effective income tax rate 294 996 Non-deductible expenses, non-taxable income 31 (13) Investment relief utilised during the reporting period - (10) Impact of a change in the corporate income tax rate - - Other (50) - Adjustments to previous year income tax 62 (5) 337 968 33. Basic and diluted earnings per share Basic and diluted earnings (loss) per share reflect net profit (loss) divided by the weighted average number of shares. There are no diluting instruments, therefore, the basic and diluted earnings (loss) per share are the same. Calculation of basic and diluted earnings (loss) per share is presented below: For the period of nine months ended 30 September 2025 For the period of nine months ended 30 September 2024 Net profit attributable to equity holders of the Company (EUR ’000) 1,498 5,671 Weighted average number of shares (’000 units) 178,383 178,383 Basic and diluted earnings (loss) per share (EUR) 0.01 0.03
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 29 34. Off-balance sheet commitments and contingencies Litigations Below is information on pending civil cases: 1. Civil case regarding the award of LNGT funds in the amount of EUR 7,519 thousand and late payment interest in the amount of EUR 1,403 thousand from Achema AB under the natural gas transmission service agreements concluded on 21 December 2012 and 22 December 2014. The District Court of Kaunas suspended the proceedings, as it is pending the decision of the European Commission on the compatibility of the LNG T surcharge funds collected for the period from 1 January 2016 to 31 December 2018 with the State aid rules under the EU law. In respect of the civil case regarding award of the LNG T funds, the Company acts solely as an administrator of the LNG T funds, transfers the LNG T funds to their recipients only after collecting them from the buyers, and accordingly, the Company does not incur credit risk in respect of the disputed amount. 2. Civil case in which the Company is the defendant, is pending on the claim of the claimant Alvora UAB, by which it request the Court to declare the claims of the defendant, i.e. the Company, for the payment of EUR 4,868 thousand on the basis of the guarantee obligations unlawful and unfounded, and the Company’s claim (treated as a counterclaim), by which it request Alvora UAB to be ordered to pay EUR 4,820 thousand by way of damages, in addition to default interest on the awarded amount, and a fine for breac h of the contract. At the moment, the proceedings are pending before the court of first instance. The Company has received EUR 5.815 thousand in warranty performance security funds based on the claims submitted. However, a provision for the possible repayment of the same amount has been recognized in the provision account for a possible return of the guarantee funds. The Company considers that the bank guarantees were used duly in accordance with laws and terms and conditions of the contract, as defects were found in the work, which Alvora UAB refused to remedy. The proceeds from the guarantees will be used to remedy the defects found. In the event Alvora UAB remedies the defects found at its own expense until the outcome of the proceedings, the Company will reimburse the money to the claimant Alvora UAB received under the guarantees. The court has declared the case material non-public. As mentioned above, the Company has made the provision of EUR 5,815 thousand (Note 22) for potential repayments of funds received under the guarantee , contingent assets has not been recognised to cover additional losses in the action due to the high uncertainty of the outcome of the legal proceedings. 3. In the administrative case the Company challenges two decisions of the National Energy Regulatory Council (NERC) in court, following a non -routine inspection of the legality of the use of the GIPL pipeline interconnectors during construction and testing during operation adopted by NERC: (i) resolution, approving the Inspection Report (the ‘Report’), finding the infringements by the Company and imposing related obligations on the Company (including the replacement of the fittings found by the Report to be un suitable); and (ii) NERC’s resolution, finding that the Company has committed an infringement of a regulatory obligation and imposing a EUR 81 thousand fine. The Company seeks to prove that it did not commit the infringements of the regulated activities id entified by NERC (the infringements were committed by the contractor for the construction of the GIPL gas pipeline) and there were no grounds for imposing the sanction. Notwithstanding the fact that the Company has not paid the fine imposed, because it is challenging NERC’s decision to impose a penalty, the Company has acknowledged its financial obligation to pay a set amount of the fine, which has been recognized in the other payables and liabilities account. If the Company’s submissions are rejected by the Court or upheld in part, the sanction will remain the same or will be reduced. The Court suspended the administrative proceedings until the final judgement in the said civil case becomes effective (see point 2). The court has declared the case material n on- public. 4. Civil case against the Company by the Department of Environmental Protection under the Ministry of the Environment for EUR 46 thousand for environmental damage. The Company has admitted and compensated the damage in the amount of EUR 18 thousand (this amount was paid by the insurance company), but does not agree with the rest of the amount claimed. The case is currently pending before the Court of First Instance. 5. Civil case based on Latvenergo AS's claim against the Company for EUR 102 thousand in compensation for the inability to use paid transmission services due to technical maintenance work performed by the Company in 2022 –2023, as well as for the award of EUR 6 thousand in late payment interest. The Company disagrees with the claim. The case is being heard in the court of first instance.
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 30 6. Civil case pursuant to UAB Deforta's claim against the Company for compensation of EUR 308,000 losses (lost income) because the Company unlawfully excluded it from the public procurement tender for the cleaning of main gas pipeline routes from vegetation and declared another supplier the winner, as a result of which UAB Deforta lost the right to perform the contract. The Company disagrees with the claim. The case is being heard in the court of first instance. 35. Related-party transactions Disclosure includes transactions and their balances with the EPSO-G group companies, associate GET Baltic UAB, all state- owned enterprises or entities under significant influence of the State (transactions with such entities are disclosed separately only if the amount of the transactions exceeds EUR 100,000 per calendar year), management and their close family members. The Company’s related parties as at 30 September 2025 and 31 December 2024 were as follows: ‐ the Company’s parent company EPSO-G UAB, which is wholly owned by the Lithuanian Ministry of Energy; EPSO-G Group companies: ‐ Litgrid AB (common shareholders); ‐ TETAS UAB (common shareholders); ‐ Baltpool UAB (common shareholders); ‐ Energy Cells UAB (common shareholders); ‐ EPSO-G Invest UAB (common shareholders). Associate GET Baltic. The companies of Ignitis Grupė AB: ‐ Energijos Skirstymo Operatorius AB ‐ Ignitis UAB ‐ Ignitis Gamyba UAB ‐ Transporto Valdymas UAB ‐ Ignitis Polska sp. z.o.o. ‐ Other companies of Ignitis Grupė AB. Other state-owned enterprises: ‐ KN Energies AB; ‐ Other state-owned enterprises or entities under significant influence; ‐ Management. The tables below present the Company’s related -party transactions and their balances as at 30 September 2025 and 30 September 2024: As at 30 September 2025 Purcha- ses LNG terminal funds (purchases)* Sales LNG terminal funds (sales)* Recei- vables LNG terminal funds receivable (Proceeds) from borrowings Payables LNG terminal funds payable Divi- dends received Finan- ce costs GET Baltic UAB 10,358 - 4,187 - 15 - - 4 - 432 - EPSO-G 552 - - - - - 63,127 379 - - 882 TETAS UAB 1 - - - - - - - - - - Ignitis gamyba AB 4,425 - 6,132 (979) 519 - - 984 180 - - Energijos skirstymo operatorius AB 274 - 238 (16) 86 - - 22 3 - - Ignitis UAB 3,430 194 7,937 (705) 894 253 - 243 3,676 - - Transporto valdymas UAB - - - - - - - - - - - KN Energies AB - (2,754) - - - 371 - - 3,975 - - Other state-owned enterprises 67 - - - - - - 3 - - - 19,107 (2,560) 18,494 (1,700) 1,514 624 63,127 1,635 7,834 432 882 * The disclosed LNG terminal purchases and sales are not presented in the statement of profit or loss, as the Company acts as an agent in respect of these funds when collecting and allocating these funds.
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AB AMBER GRID, company code 303090867, Laisvės ave. 10, Vilnius, Lithuania CONDENSED INTERIM FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2025 _____________________________________________________________________________________________________________ 31 As at 30 September 2024 Purcha- ses LNG terminal funds (purchases)* Sales LNG terminal funds (sales)* Recei- vables LNG terminal funds receivable (Proceeds) from borrowings Payables LNG terminal funds payable Divi- dends received Finan- ce costs GET Baltic UAB 11,987 - 1,116 - 7 - - 245 - 564 - EPSO-G 534 - - - - - 29,506 266 - - 795 TETAS UAB 3 - - - - - - 1 - - - Ignitis gamyba AB 1,077 - 3,495 6,426 425 864 - 122 - - - Energijos skirstymo operatorius AB 338 - 450 112 76 15 - 21 - - - Ignitis UAB 2,747 24,000 8,505 5,267 867 709 - 295 6,760 - - Transporto valdymas UAB 52 - - - - - - - - - - KN Energies AB - - - - - - - - 3,975 - - Other state-owned enterprises 51 - - - - - - 2 - - - 16,789 24,000 13,566 11,805 1,375 1,588 29,506 952 10,735 564 795 * The disclosed LNG terminal purchases and sales are not presented in the statement of profit or loss, as the Company acts as an agent in respect of these funds when collecting and allocating these funds. There were no guarantees issued or received for payables to/receivables from related parties, the settlement term was between 15 and 30 days. As at 30 September 2025 , the Company neither formed nor recognised any impairment provisions for receivables from related parties. For the period of nine months ended 30 September 2025 For the period of nine months ended 30 September 2024 Employment-related payments 590 568 Payments to Board members 79 73 Total compensation to management 669 641 The management of the Company is deemed to include the Company’s manager, the Technical Director, the Legal and Administration Director, the Commerce Director, the Organisational Progress Director, and the Finance Director. No loans, guarantees were issued nor were any assets transferred to the management of the Company. 36. Events after the end of the financial year In October 2025, the company completed the transfer of GET Baltic shares to its strategic partner European Energy Exchange AG (EEX), which won an international public tender. In 2023, 66% of GET Baltic shares were sold for EUR 6.5 million. The sale price of the remaining 34% of shares was EUR 3.8 million.