Interim report
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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS Amica Capital Group for the period of 6 months ended 30 June, 2025 H1 2025
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2 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Contents Selected condensed consolidated financial data of the Capital Group 5 Condensed consolidated statement of comprehensive income 6 Condensed consolidated statement of financial position 7 Condensed consolidated statement of cash flows 9 Condensed consolidated statement of changes in equity 11 Explanatory information regarding the consolidated financial statements 13 1. Information on the Capital Group 13 2. Composition of the Parent Company's Management Board and Supervisory Board 14 3. Overview of the Capital Group’s Operations 15 4. Information on the Capital Group 16 5. Approval of the consolidated financial statements 17 6. The basis for drawing up the consolidated financial statement 17 6.1. Action continued 18 6.2. Basis for preparation 18 6.3. Functional currency 18 7. Significant Accounting Policies 19 7.1. Conversion of items expressed in foreign currencies 19 7.2. Accounting principles and the impact of new and changed standards and interpretations 20 7.3. Uncertainty of estimates and assumptions 20 8. Segments 21 9. Revenue and costs 24 9.1. Other operating revenue 24 9.2. Other operating costs 24 9.3. Financial revenue 25 9.4. Financial costs 25 9.5. Costs by type 26 10. Income tax 27 10.1. Tax burdens 27 11. Earnings per share 28 12. Dividends paid out and proposed dividends 28 13. Impairment of assets 28 14. Supplementary capital and other reserve capitals 29 15. Property, plant and equipment 31 16. Intangible assets 34 17. Assets due to the right of use and leasing liabilities 37 18. Goodwill 39 19. Inventory 40
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3 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 20. Receivables from deliveries and services and other receivables 41 21. Credits, loans and other debt instruments 42 22. Provisions 43 23. Liabilities from deliveries and services and other liabilities 46 24. Contingent liabilities 46 25. Information on related parties 47 26. Salaries of the Group's Senior Management 49 27. Derivatives 49 28. Other information 52 28.1. Shareholdings 52 29. Events after the balance date 54 30. The impact of the geopolitical situation in Ukraine on the Capital Group 54 Selected separate financial data 56 Condensed separate statement of comprehensive income 57 Condensed separate statement of financial position 58 Condensed separate statement of cash flows 60 Condensed separate statement of changes in equity 62 1. Impairment of assets 64 2. Investments in subsidiaries 66 3. Property, plant and equipment 68 4. Assets due to the right of use and leasing liabilities 70 5. Intangible assets 71 6. Financial assets 73 7. Deferred income tax assets 73 8. Inventory 74 9. Receivables from deliveries and services and other receivables 75 10. Provisions 76 11. Loans, borrowings and other debt instruments 78 12. Liabilities from deliveries and services and other liabilities 79 13. Sureties and guarantees 79 14. Earnings per share 80 15. Events after the balance sheet date 80 Approval for publication 81
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4 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Amica Capital Group Condensed consolidated financial statements for the period of 6 months ended on 30 June, 2025
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5 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Selected condensed consolidated financial data of the Capital Group million PLN million EUR For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 1 Revenue from agreements with customers 1 149.2 1 245.6 271.6 288.5 2 Profit on operating activities 19.2 14.4 4.5 3.3 3 Gross profit 4.1 1.1 1.0 0.3 4 Net loss attributable to Company Shareholders (1.2) (1.2) (0.3) (0.3) 5 Net cash flows from operating activities (44.0) (16.7) (10.4) (3.9) 6 Net cash flows from investment activities (8.5) (24.0) (2.0) (5.6) 7 Net cash flows from financial activities 30.9 (35.3) 7.3 (8.2) 8 Total net cash flows (21.6) (76.0) (5.1) (17.7) 9 (Loss) per share (0.16) (0.16) (0.04) (0.04) million PLN million EUR 30 June, 2025 30 June, 2024 30 June, 2025 30 June, 2024 1 Total assets 2 007.4 2 035.8 473.2 472.0 2 Long term liabilities 105.6 137.6 24.9 31.9 3 Current liabilities 890.3 849.6 209.9 197.0 4 Equity capital allocated to shareholders 1 011.5 1 048.6 238.5 243.1 5 Share capital 15.6 15.6 3.7 3.6 6 Number of shares 7,775,273 7,775,273 7,775,273 7,775,273 7 Number of own shares for disposal 103,829 103,829 103,829 103,829 8 Book value per share (in PLN / EUR) 131.85 136.69 31.08 31.69 9 Dividend paid per share (PLN / EUR) [1],[2] 2.00 2.50 0.47 0.58 Financial data was converted to the euro according to the following currency exchange rates: 30 June, 2025 30 June, 2024 currency exchange rates for the statement of comprehensive income and cash flow 4.2313 4.3178 Currency exchange rates for the items of statement of financial position 4.2419 4.3130 [1] On 11 June, 2025, the Annual General Meeting of Shareholders approved a resolution regarding the dividend allocation, following review and adoption of the Supervisory Board's position on the Amica S.A. Management Board's proposal. The resolution allocates 15.3 million zł for dividend payments, consisting of 5.3 million zł from the 2024 profit and 10.0 million zł from the supplementary capital created from profits of prior years. This results in a dividend payment of 2.00 zł per share. The dividend was paid on 27 June, 2025 [2] The information is described in note 12 to these Consolidated Financial Statements.
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6 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Condensed consolidated statement of comprehensive income for the period of 6 months ended 30 June, 2025 Note For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 For the period of 3 months ended 30 June, 2025 For the period of 3 months ended 30 June, 2024 Revenue from sale of goods and products 1 139.8 1 216.9 577.6 599.8 Revenue from sale of services 9.4 28.7 4.7 17.4 Revenue from agreements with customers 1 149.2 1 245.6 582.3 617.2 Own sales costs 838.5 906.6 419.1 448.7 Gross profit on sales 310.7 339.0 163.2 168.5 Other operating revenue 9.1. 3.6 3.6 1.8 2.0 Cost of sales 179.6 190.6 88.0 95.4 General administrative expenses 110.5 131.7 57.8 67.8 Other operating costs 9.2. 5.6 4.6 3.5 2.5 Loss on expected credit losses (0.6) 1.3 (0.4) (1.5) Profit on operating activities 19.2 14.4 16.1 6.3 Financial revenue 9.3. 17.6 8.3 8.6 3.5 Financial costs 9.4. 32.7 21.6 16.6 10.5 Gross profit/(loss) 4.1 1.1 8.1 (0.7) Income tax 10. 5.3 2.3 2.6 3.6 Net profit (loss) (1.2) (1.2) 5.5 (4.3) Other net comprehensive income Items to be reclassified to the profit / (loss) in subsequent reporting periods: (20.3) 3.1 (11.5) 4.8 Exchange gain (loss) of a foreign entities: 15.2 0.7 7.3 3.3 Cash flow hedging (44.9) 3.1 (23.9) 1.8 Income tax related to other comprehensive income 9.4 (0.7) 5.1 (0.3) Total other net comprehensive income (20.3) 3.1 (11.5) 4.8 Total comprehensive income (21.5) 1.9 (6.0) 0.5 Profit (loss) attributable to: (1.2) (1.2) 5.5 (4.3) Shareholders of the Parent Company (1.2) (1.2) 5.5 (4.3) Total income attributable to: (21.5) 1.9 (6.0) 0.5 Shareholders of the Parent Company (21.5) 1.9 (6.0) 0.5 Profit/(loss) per share – basic from profit for the period (PLN) (0.16) (0.16) 0.71 (0.56) – diluted from profit for the period (PLN) (0.16) (0.16) 0.72 (0.56)
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7 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Condensed consolidated statement of financial position as at 30 June, 2025 ASSETS Note 30 June, 2025 30 June, 2024 31 December, 2024 Fixed assets 825.3 805.4 824.5 Property, plant and equipment 15. 450.8 463.3 459.3 Right of use 17. 70.0 70.5 76.2 Goodwill 36.6 40.6 37.4 Intangible assets 16. 166.7 159.4 162.7 Investment property 10.5 11.6 11.0 Derivative financial instruments 27. 1.1 0.7 0.6 Other long-term financial assets 23.3 1.8 22.1 Deferred income tax assets 66.3 57.5 55.2 Current Assets 1 182.1 1 230.4 1 094.7 Inventory 19. 598.6 608.4 549.1 Receivables from deliveries and services and other receivables 20. 411.2 465.5 365.4 Receivables from income tax 9.0 7.9 7.0 Derivative financial instruments 27. 4.6 11.9 8.0 Other short-term financial assets – 2.5 – Other short-term non-financial assets 46.0 48.7 37.4 Cash and cash equivalents 112.7 85.5 127.8 TOTAL ASSETS 2 007.4 2 035.8 1 919.2
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8 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] LIABILITIES Note 30 June, 2025 30 June, 2024 31 December, 2024 Total equity capital 1 011.5 1 048.6 1 049.8 Stated capital 15.6 15.6 15.6 Supplementary capital and other reserve capitals 14. 1 025.1 1 075.4 1 072.1 Exchange gain (loss) on consolidation (46.0) (51.2) (61.2) Retained profits 16.8 8.8 23.3 Long term liabilities 105.6 137.6 129.0 Credits, loans and other debt instruments, 21. 20.8 49.8 41.7 Non-current provisions 22. 15.9 16.5 16.0 Deferred income tax liabilities 13.3 18.4 14.3 Derivative financial instruments 27. 2.4 – – Liabilities from leasing agreements 17. 38.9 35.9 41.5 Long-term deferred charges and accruals 14.3 17.0 15.5 Current liabilities 890.3 849.6 740.4 Liabilities from deliveries and services and other liabilities 23. 541.2 609.6 524.6 Credits, loans and other debt instruments, 21. 213.2 130.9 117.7 Derivative financial instruments 27. 53.7 6.3 1.2 Liabilities from leasing agreements 17. 21.1 22.1 23.2 Liabilities due to debt factoring 5.9 11.2 9.2 Liabilities from income tax 1.8 7.4 5.8 Short-term deferred charges and accruals 3.5 1.8 3.1 Current provisions 22. 49.9 60.3 55.6 Total liabilities 995.9 987.2 869.4 TOTAL LIABILITIES 2 007.4 2 035.8 1 919.2
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9 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Condensed consolidated statement of cash flows for the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 CASH FLOWS FROM OPERATING ACTIVITIES Gross profit 4.1 1.1 Adjustments by items: (48.1) (17.8) Depreciation 30.7 29.2 Currency translation (profit)/loss 2.1 (6.1) Interest and profit sharing (dividend) 18.1 17.4 Profit (loss) on investing activities 0.7 0.5 Change in provisions (5.2) (4.3) (Increase) / decrease in inventories (55.7) (84.6) (Increase) / decrease in receivables (61.7) (25.9) Increase/decrease in liabilities 34.9 81.7 Change in prepayments and accruals (11.4) (13.4) Result on derivatives 20.2 (1.9) Result on valuation of the incentive scheme (1.5) 0.5 Cash flows related to hedging (7.3) 3.5 Income tax paid (10.7) (13.1) Other (1.3) (1.3) Net cash flows from operating activities (44.0) (16.7)
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10 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 CASH FLOWS FROM INVESTMENT ACTIVITIES Sale of shares 5.5 1.1 Purchase of property, plant and equipment (20.4) (22.9) Grants received – 0.2 Interest on deposits 6.4 – Loans granted – (2.4) Net cash from investing activities (8.5) (24.0) CASH FLOWS FROM FINANCIAL ACTIVITIES Repayment of leasing liabilities (capital part) (12.6) (13.0) Inflows from credits/loan taken 82.5 15.8 Redemption of debt securities (7.6) (7.5) Dividends paid out (15.3) (19.2) Interest paid (12.7) (9.7) Inflows from debt factoring 24.2 31.3 Expenses due to debt factoring (27.6) (33.3) Other – 0.3 Net cash from financial activities 30.9 (35.3) Net increase / (decrease) in cash and cash equivalents (21.6) (76.0) Balance sheet change in cash, including: (15.1) (66.7) Net exchange rate differences 6.5 9.3 Opening balance of cash 127.8 152.2 Closing balance of cash 112.7 85.5 including cash of limited disposability: 4.4 –
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11 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Condensed consolidated statement of changes in equity for the period of 6 months ended 30 June, 2025 Stated capital Supplementary capital and other reserve capitals Exchange gain (loss) on consolidation Retained profits Total equity capital As at 1 January, 2025 15.6 1 072.1 (61.2) 23.3 1 049.8 Net (loss) – – – (1.2) (1.2) Other net comprehensive income – (35.5) 15.2 – (20.3) Total comprehensive income – (35.5) 15.2 (1.2) (21.5) Dividends[1] – (10.0) – (5.3) (15.3) Valuation of incentive scheme – (1.5) – – (1.5) As at 30 June, 2025 15.6 1 025.1 (46.0) 16.8 1 011.5 [1] On 11 June, 2025, the Annual General Meeting of Shareholders approved a resolution regarding the dividend allocation, following review and adoption of the Superviso- ry Board's position on the Amica S.A. Management Board's proposal. The resolution allocates 15.3 million zł for dividend payments, consisting of 5.3 million zł from the 2024 profit and 10.0 million zł from the supplementary capital created from profits of prior years. This results in a dividend payment of 2.00 zł per share. The dividend was paid on 27 June, 2025
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12 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Stated capital Supplementary capital and other reserve capitals Exchange gain (loss) on consolidation Retained profits Total equity capital As at 1 January, 2024 15.6 1 110.3 (51.9) (8.7) 1 065.3 Net profit – – – (1.2) (1.2) Other net comprehensive income – 2.5 0.7 (0.1) 3.1 Total comprehensive income – 2.5 0.7 (1.3) 1.9 Transfer of net loss for 2023 [2] – (18.8) – 18.8 – Dividends – (19.2) – – (19.2) Valuation of incentive scheme – 0.5 – – 0.5 Other changes – 0.1 – – 0.1 As at 30 June, 2023 15.6 1 075.4 (51.2) 8.8 1 048.6 Stated capital Supplementary capital and other reserve capitals Exchange gain (loss) on consolidation Retained profits Total equity capital As at 1 January, 2024 15.6 1 110.3 (51.9) (8.7) 1 065.3 Net profit – – – 13.2 13.2 Other net comprehensive income – (0.9) (9.3) – (10.2) Total comprehensive income – (0.9) (9.3) 13.2 3.0 Transfer of net loss for 2023 [2] – (18.8) – 18.8 – Dividends – (19.2) – – (19.2) Valuation of incentive scheme – 0.7 – – 0.7 As at 31 December, 2024 15.6 1 072.1 (61.2) 23.3 1 049.8 [2] On 11 June 2024, the Annual General Meeting of Shareholders, after reviewing and adopting the position of the Supervisory Board regarding the motion of the Management Board of Amica S.A. regarding the coverage of the net loss for the 2023 financial year, adopted a resolution and pursuant to this resolution, the net loss of 18.8 million zł was covered in full from the reserve capital created from profits from previous years.
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13 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Explanatory information regarding the consolidated financial statements 1. Information on the Capital Group Amica Spółka Akcyjna Group (“Group”) is composed of Amica Spółka Akcyjna (“Parent Company”) and its subsidiaries (see Note 4). The Group's Consolidated Financial Statements cover the period of 6 months ended 30 June, 2025 and contain comparative data for the period of 6 months ended 30 June, 2024. The Parent Company is entered in the Register of Entrepreneurs of the National Court Register maintained by the District Court in Poznań – Nowe Miasto and Wilda in Poznań, 9th Commercial Division of the National Court Register, under the number KRS 000017514. The Parent Company has been awarded the business statistical number REGON 570107305. The Parent Company's shares are listed on the Warsaw Stock Exchange. The registered office of the Parent Company is located at ul. Mickiewicza 52, 64-510 Wronki, Poland. The Parent Company’s registered office is also the primary place of business for the Capital Group.
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14 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 2. Composition of the Parent Company's Management Board and Supervisory Board As at 30 June 2025, the Management Board of the parent company was composed of: • Robert Stobiński – President of the Management Board [1], • Michał Rakowski – Vice President of the Management Board, • Paweł Dominik Biel – Vice President of the Management Board, • Maja Rutkowska – Vice President of the Management Board [1]. [1] On 11 June, 2025, the Management Board of the parent company, Amica S.A., was appointed. As a result, Mr Jacek Rutkowski's term as President of the Management Board of Amica S.A. concluded. Mr Robert Stobiński was appointed President of the Management Board. Additionally, Ms Maja Rutkowska was appointed Vice-President of the Management Board. After the balance sheet date, there were no changes in the composition of the Management Board. As at 30 June, 2025, the Supervisory Board of the Parent Company was composed of: • Tomasz Rynarzewski – Chair the Supervisory Board • Katarzyna Nagórko – Independent Member of the Supervisory Board • Aleksandra Petryga – Member of the Supervisory Board • Piotr Rutkowski – Member of the Supervisory Board • Paweł Wyrzykowski – Member of the Supervisory Board • Andrzej Jackiewicz – Independent Member of the Supervisory Board [1]. [1] On 11 June, 2025, the Supervisory Board of the parent company, Amica S.A., was appointed. As a result, Mr Paweł Małyska's term as an Independent Member of the Supervisory Board concluded. Mr. Andrzej Jackiewicz was appointed Independent Member of the Supervisory Board. After the balance sheet date, there were no changes in the composition of the Supervisory Board.
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15 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 3. Overview of the Capital Group’s Operations The Capital Group's core business is: • Manufacture and sale of electric and gas-fired domestic appliances; • Sale of home appliances; • Provision of maintenance, hotel, and catering services; More information of the business activities of the Group can be found in Note 10 on operating segments.
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16 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 4. Information on the Capital Group The direct parent company of the Group is Holding Wronki sp. z o.o., which draws up consolidated financial statements not available for public use. The beneficial owner of the entire Group is Mr. Jacek Rutkowski, who, as a natural person, does not prepare financial statements disclosed to the public (IAS.24.13). The Capital Group includes the Parent Company and the following subsidiaries: Item. Entity Company's registered office Principal economic activity Percentage share of Amica S.A. in the capital Functional currency 30 June, 2025 30 June, 2024 1 Amica International GmbH Germany trading operations 100% 100% EUR 2 Amica Commerce s.r.o. Czechia trading operations 100% 100% CZK 3 Gram Domestic A/S Denmark trading operations 100% 100% EUR 4 Hansa OOO Russia licensing and maintenance services 100% 100% RUB 5 Electrodomesticos Iberia S.L. Spain trading operations 100% 100% EUR 6 Nova Panorama Sp. z o.o. Poland real estate management 100% 100% PLN 7 Stadion Poznań Sp. z o.o. [1] Poland real estate management — 100% PLN 8 Amica Handel i Marketing Sp. z o.o. Poland trading operations 100% 100% PLN 9 Inteco Business Solutions Sp. z o.o. Poland Consulting and IT services 100% 100% PLN 10 Hansa Ukraina OOO Ukraine trading operations 100% 100% UAH 11 THE CDA GROUP LIMITED [2] The United Kingdom trading operations 100% 100% GBP 12 Sideme S.A. France trading operations 100% 100% EUR 13 Hansa Central Asia TOO Kazakhstan trading operations 100% 100% KZT 14 Amica Energia Sp. z o.o. [3] Poland electricity generation 100% 100% PLN 15 Hotel Olympic Sp. z o.o. [4] Poland hotel and catering services 100% — PLN [1] On 20 December, 2024, an agreement was concluded for the sale of 100% of shares in Stadion Poznań Sp. z o.o. Amica S.A. ceased to have share rights in the share capital of the company. Stadion Poznań Sp. z o.o. is no longer part of the Capital Group. The sale of shares in the company is a consequence of the implementation of the Issuer’s strategy consisting in limiting activities other than the core business, i.e. the production and sale of household appliances. The buyer of Stadion Poznań Sp. z o.o. is KKS Lech Poznań S.A. [2] The company holds 100% of shares in C.D.A. companies Retail Limited and CDA Distribution Limited registered in the United Kingdom. As at 30 June, 2025, the aforementioned companies are not conducting any operating activities and are currently suspended, with their aggregate balance sheet total not exceeding GBP 1000 (4,955 zł). [3] Amica Energia Sp. z o.o . was entered into the National Court Register on 10 April, 2024. The share of Amica S.A. in Amica Energia Sp. z o.o. amounts to 5,000 zł. The Company's core business is the generation of electricity and the distribution of surplus energy to external customers. Amica Energia Sp. z o.o. did not commence operations and did not conclude any significant transactions in the reporting period to 30 June 2025. The Company has no significant assets as of the balance sheet date of 30 June, 2025. [4] On 25 July, 2024, Hotel Olympic Sp. z o.o. was entered into the National Court Register. The share of Amica S.A. in the company amounted to 5,005,000 zł. The Company acquired assets and liabilities related to the operation of the Olympic hotel in Wronki from Stadion Poznań Sp. z o.o. on 31 October, 2024. As at 30 June, 2025 and 30 June, 2024, the share in the general number of voting rights held by the Parent Company in subsidiaries is equal to the Parent Company's share in the capital of these subsidiaries. The Parent Company and of the consolidated companies of the Group have been established for an indefinite term.
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17 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 5. Approval of the consolidated financial statements These condensed interim consolidated financial statements prepared for the period of 6 months ended 30 June, 2025 (including comparative data) were approved for publication by the Management Board of the Parent Company on 18 September, 2025. 6. The basis for drawing up the consolidated financial statement Amica Spółka Akcyjna Group (“Group”) is composed of Amica Spółka Akcyjna (“Parent Company”) and its subsidiaries (see Note 4). The Group's Consolidated Financial Statements cover the period of 6 months ended 30 June, 2025 and contain comparative data for the period of 6 months ended 30 June, 2024. The Condensed Interim Consolidated Financial Statements of the Group have been prepared in accordance with the International Financial Reporting Standards (“IFRSs”), as adopted by the European Union for annual periods beginning on or after 1 January 2024. As at the date of approval of these interim condensed consolidated financial statements, taking into account the ongoing implementation of IFRS in the EU and the activities pursued by the Group, with regard to the accounting policies applied by the Group, the International Financial Reporting Standards differ from International Financial Reporting Standards adopted by the EU. IFRS include standards and interpretations approved by the International Accounting Standards Board (“IASB”) and by the International Financial Reporting Interpretations Committee (“IFRIC”). The interim condensed consolidated financial statements include adjustments not disclosed in the Group's accounting books, presented in order to approximate financial statements of such entities with the IFRS. Other statements of the companies are prepared in accordance with the principles of the IFRS.
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18 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 6.1. Action continued These interim condensed consolidated financial statements have been prepared with the assumption that the Group would continue as a going concern in the foreseeable future. On the date of approval of these consolidated interim financial statements, management is unaware of any circumstances that threaten the Group companies' ability to continue as a going concern. The Management Board of the Parent Entity has no knowledge of any facts or circumstances that would jeopardize the Company's going concern in the foreseeable future, as of the date these condensed interim financial statements were signed. The Group continues to prioritise and maintain a safe level of net debt. This stood at 187.2 million zł as of 30 June, 2025, and 105.5 million zł as of 31 December, 2024. As at the date of publication of these condensed interim consolidated financial statements, the Group is in a stable financial position and its cash flow forecasts indicate that it can maintain sufficient cash resources to continue its operations. Financial indicators resulting from credit agreements are monitored on an ongoing basis and maintained at safe levels. 6.2. Basis for preparation These interim condensed Consolidated Financial Statements have been prepared under the historical cost convention, except for derivative financial instruments that are measured at fair value. 6.3. Functional currency The functional currency of the parent company and the presentation currency of these interim condensed consolidated financial statements is Polish Złoty. Financial statements of foreign companies for the purpose of consolidation have been converted into Polish Złoty currency in accordance with the principles presented in the accounting policy below. These interim condensed consolidated financial statements are presented in million zł (“mPLN”), unless otherwise indicated.
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19 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 7. Significant Accounting Policies The interim condensed consolidated financial statements include the financial statement of the parent company and the financial statements of its subsidiaries drawn up for the year ending 30 June 2025. The Group assesses whether it has control according to the definition in IFRS 10. As defined, an investor controls an investee when it is exposed to variable returns or when it has right to variable returns and has the ability to influence those returns by exercising power over the investee entity. The financial statements of the parent company and the subsidiaries covered by the consolidated financial statement are prepared for the same balance day, i.e. 30 June. Where necessary, adjustments are made in the financial statements of subsidiaries to unify the accounting principles applied by the company with the principles applied by the Capital Group. Companies whose financial statements are irrelevant from the point of view of the Group's consolidated financial statements can be excluded from consolidation. Investments in subsidiaries classified as intended for sale is recognised in accordance with IFRS 5. 7.1. Conversion of items expressed in foreign currencies Exchange rate differences resulting from the translation of financial instruments denominated in a foreign currency into the functional currency are recognised as financial income (expenses) as appropriate. Transactions denominated in foreign currencies are initially recognized at the exchange rate of the functional currency as at the transaction date. At the end of the reporting period, monetary items (cash and cash equivalents) in foreign currencies are translated • at the NBP exchange rate applicable on that balance sheet date. Non-cash assets and liabilities (items that are not directly expressed in cash and cash equivalents) recognised at historical cost expressed in a foreign currency are carried at the historical exchange rate at the date of the transaction. Converting a foreign unit into the presentation currency Assets and liabilities, except for equity components, are translated using the closing rate. The Companies’ revenues and costs are translated at the weighted average exchange rate for the given accounting period, while the remaining components of equity are measured at the historical exchange rate as of the acquisition date of the consolidated entity's net assets. Currency translation differences from the conversion transactions are recognised under other total revenue and accumulated as a separate item of equity capital.
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20 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 7.2. Accounting principles and the impact of new and changed standards and interpretations The accounting principles (policies) applied in the preparation of the interim condensed consolidated financial statements are consistent with those applied in preparation of the annual consolidated financial statements for the year ended 31 December 2024. The impact of the new and changed standards and interpretations was presented in the published consolidated financial statements for 2024. The Group assessed that the amendment to standards had no significant impact on the interim condensed consolidated financial statements. The Group has not adopted any standard, interpretation or amendment that was issued but has not become effective yet. 7.3. Uncertainty of estimates and assumptions When drawing up the interim condensed consolidated financial statements, the parent company's Management Board uses its judgment in making numerous estimates and assumptions that affect the accounting policies used and the amounts of assets, liabilities, income and expenses presented. Actual values may differ from the Management Board's estimates. Information on estimates and assumptions that are significant for the condensed interim consolidated financial statements are presented in the consolidated financial statements for 2024. There were no significant changes in the estimated values of the amounts presented in previous reporting periods in the Group that would have a material effect on the current period.
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21 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 8. Segments The Management Board analyzes the Group's operations by geography and product range, using this assessment to allocate resources. Within its sales markets, the Amica Capital Group provides a wide array of products across various business lines, each featuring many versions and significant differentiation. The Management Board decided to change the presentation of operating results from product-based to geographical. This change was made because product-based reporting could be misleading regarding the actual significance of individual segments to the Capital Group's operations. Due to the above and the similarity of features across individual markets, the Group will present the following reporting segments starting from the first quarter of 2025: • Poland – operations on the Polish market, • West – operations on the markets of Western countries, • Other geographical areas – operations in the eastern market, in the south-central European market and in other sales markets. In its 2024 report, the Group's operating segments were categorized as free-standing heating equipment, built-in heating equipment, other heating equipment, goods, and other activities. The Management Board analyses the Group's operations by geographical area, distinguishing individual operating segments as follows: • Polish market, • German market, • Scandinavian market, • French market, • Spanish market, • British market, • the eastern market, which includes the Central Asian region, • the market of the countries of south-central Europe, • other sales markets.
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22 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] The segments have been distinguished taking into account the specificity of each of them. Operating segments for Germany, Scandinavia, France, Spain, and the UK have been combined into the "West" reporting segment. Operating segments for eastern markets, south-central European countries, and other sales markets have been aggregated into the "Other geographical areas" reporting segment. The segment aggregation criteria are presented below: • the degree of development of sales markets, • trademarks used, • similarity of distribution channels, • similar logistic model. The Management Board separately monitors business segment results in order to determine the allocation of resources as well as assess the effects of this allocation and the financial performance. The basis for the assessment of performance is profit or loss on operating activities. Financing of the Group (including financial costs and revenue), certain operating expenses and income taxes are monitored at the Group level and are not allocated to the segments. Consequently, the result on other activities and unallocated costs include other operating revenue and costs as well as general and administrative expenses which cannot be directly allocated to segments. They include, but are not limited to, costs of administrative departments, in particular remuneration, consulting services, IT costs (licenses, external services), costs of other operating activities such as social activities, compensation and losses due to expected credit losses. Operating segment revenues disclose net revenues from sales made to external customers. The structure of the Capital Group's customers for the period of 6 months ended 30 June, 2025 included an entity with which the turnover exceeded 10% of total revenues.
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23 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] The tables below present revenues and results attributable to individual reportable segments for the first 6 months of 2025 and the comparative period. For the period of 6 months ended 30 June, 2025 Poland West Other geographical areas Total Revenue from sale of goods and products 386.8 578.6 174.4 1,139.8 Revenue from sale of services [1] 6.7 2.2 0.5 9.4 Revenue from agreements with customers 393.5 580.8 174.9 1,149.2 Own sales costs 285.7 416.7 136.1 838.5 Gross profit on sales 107.8 164.1 38.8 310.7 Gross profit on sales in % 27.4% 28.3% 22.2% 27.0% Operating costs allocated to a geographical area 49.2 142.0 23.8 215.0 Geographical area operating result 58.6 22.1 15.0 95.7 Operating result by geographic area in % 14.9% 3.8% 8.6% 8.3% Depreciation 14.7 11.9 4.1 30.7 Result from other operating activities and non-allocated costs 76.5 Profit on operating activities 19.2 Result from financial activities 15.1 Gross profit 4.1 Income tax 5.3 Net profit (loss) (1.2) For the period of 6 months ended 30 June, 2024 Poland West Other geographical areas Total Revenue from sale of goods and products 373.0 645.9 198.0 1,216.9 Revenue from sale of services [1] 26.5 1.7 0.5 28.7 Revenue from agreements with customers 399.5 647.6 198.5 1,245.6 Own sales costs 295.9 461.0 149.7 906.6 Gross profit on sales 103.6 186.6 48.8 339.0 Gross profit on sales in % 25.9% 28.8% 24.6% 27.2% Operating costs allocated to a geographical area 60.7 150.4 31.3 242.4 Geographical area operating result 42.9 36.2 17.5 96.6 Operating result by geographic area in % 10.7% 5.6% 8.8% 7.8% Depreciation 14.2 10.7 4.3 29.2 Result from other operating activities and non-allocated costs 82.2 Profit on operating activities 14.4 Result from financial activities (13.3) Gross profit 1.1 Income tax 2.3 Net profit (loss) (1.2) [1] In the first half of 2024, revenues from the sale of services were related to the activities of Stadion Poznań Sp. z o. o . and amounted to 21.6 million zł. Due to the sale of the company, these revenues did not occur in the first half of 2025.
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24 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 9. Revenue and costs 9.1. Other operating revenue 9.2. Other operating costs For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 For the period of 3 months ended 30 June, 2025 For the period of 3 months ended 30 June, 2024 Free shipments 0.7 0.8 0.2 0.5 Compensation received, fines 0.3 0.2 0.1 0.1 dissolution of provisions 0.1 — 0.1 — Grants 2.2 1.4 1.5 0.6 Other 0.3 1.2 (0.1) 0.8 Total other operating revenue 3.6 3.6 1.8 2.0 For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 For the period of 3 months ended 30 June, 2025 For the period of 3 months ended 30 June, 2024 Social activity (CSR) 1.3 1.5 0.7 0.7 Penalties and damages 1.5 0.9 0.9 0.4 Loss on disposal of fixed assets 0.7 0.5 0.7 0.5 Costs related to termination of employment —- 1.0 — 0.5 Shortages and damage 0.2 — 0.1 — Other 1.9 0.7 1.1 0.4 Total other operating costs 5.6 4.6 3.5 2.5
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25 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 9.3. Financial revenue 9.4. Financial costs For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 Interest revenue 6.4 2.1 Revenue from hedging instruments — 3.8 Revenue from financial instruments 3.2 2.4 Revenue from exchange differences 8.0 — Total financial revenue 17.6 8.3 For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 Interest on credits, loans and issued bonds 15.6 15.8 Interest on leasing 2.5 2.6 Costs of hedging instruments 12.2 — Currency translation losses — 1.9 Other financial costs 2.4 1.3 Total financial costs 32.7 21.6
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26 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 9.5. Costs by type For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 For the period of 3 months ended 30 June, 2025 For the period of 3 months ended 30 June, 2024 Depreciation 30.7 29.2 15.4 14.7 Consumption of materials and energy 266.9 303.0 128.3 152.6 Outsourcing 97.6 105.6 49.7 55.7 Taxes and fees 22.3 20.4 10.6 10.1 Cost of employee benefits 159.6 183.0 80.6 91.1 Other costs by type 57.7 66.5 27.0 35.3 Value of goods and materials sold 516.1 535.7 267.2 270.9 Total expenses by nature, including: 1 150.9 1 243.4 578.8 630.4 Items included in own cost of sales 838.5 906.6 419.1 448.7 Items included in cost of sales: 179.6 190.6 88.0 95.4 Items included in general and administrative expenses 110.5 131.7 57.8 67.8 Change in product inventory (19.2) (10.2) (12.1) (16.6) Cost of services for own needs (3.1) (4.3) (1.8) (1.9)
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27 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 10. Income tax 10.1. Tax burdens Income tax recognized in profit or loss includes current and deferred tax. The current tax is calculated in accordance with the current tax law. The main elements of the tax burden for the period ending on 30 June 2025 and 30 June 2024 are as follows: For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 Current income tax 6.9 7.6 Deferred tax (1.6) (5.3) Comprehensive income tax 5.3 2.3 As at 31 December, 2024, the parent company had a deferred income tax asset related to operations in the Special Economic Zone in the amount of 10.2 million zł. During the first half of 2025, the Parent Company did not use the asset. The balance of the deferred asset arising from operations in the Special Economic Zone as at the end of 30 June, 2025 amounted to 10.2 million zł.
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28 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 11. Earnings per share The table below presents data on profit and shares that were used to calculate the profit per share: For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 Number of ordinary shares issued (pcs) 7,775,273 7,775,273 Own shares (pcs.) 103,829 103,829 Weighted average of number of ordinary shares (number of shares) 7 671 444 7 671 444 Net profit (loss) (1.2) (1.2) Basic earnings / (loss) per share (PLN) (0.16) (0.16) In the period of 6 months ended 30 June, 2025 and in the period of 6 months ended 30 June, 2024, no shares were awarded under the incentive scheme because the conditions for launching the pool of rights were not met. Therefore, there were no diluted shares. 12. Dividends paid out and proposed dividends On 16 May 2025, the Supervisory Board issued a positive opinion on the motion of the Management Board of Amica S.A. to allocate 15.3 million zł from: 5.3 million zł from the profit for 2024 and 10.0 million zł from the reserve capital created from profits from previous years for the payment of a dividend of 2.00 zł per share. The dividend was paid on 27 June, 2025 On 11 June, 2024, the Annual General Meeting of Shareholders of the Parent Company adopted a resolution on the payment of a dividend from the reserve capital created from profits from previous years in the amount of 19.2 million zł. On 25 June, 2024, Amica S.A. paid a dividend of 2.50 zł per share. 13. Impairment of assets Due to the outbreak of war in Ukraine, the Management Board of the parent company assessed whether the value of fixed assets presented in the balance sheet should be tested for impairment. After the analysis, the Management Board sustains the assumptions made in note 20 of the consolidated financial statements as at 31 December, 2024 and does not see any premises indicating the need to create an impairment loss.
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29 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 14. Supplementary capital and other reserve capitals Supplementary capital and other reserve capitals Supplemen- tary capital Own shares Revaluation of hedging instruments capital Revaluation reserve capital of a defined benefit plan Other reserve capitals, including the incentive scheme Capital from the revalu- ation of the incentive scheme Total As at 1 January, 2025 1 030.8 (12.4) 19.7 2.0 30.0 2.0 1 072.1 Other net comprehensive income — — (35.5) — — — (35.5) Total comprehensive income — — (35.5) — — — (35.5) Dividends [1] (10.0) — — — — — (10.0) Valuation of incentive scheme — — — — — (1.5) (1.5) As at 30 June, 2025 1 020.8 (12.4) (15.8) 2.0 30.0 0.5 1 025.1 [1] On 11 June, 2025, the Annual General Meeting of Shareholders approved a resolution regarding the dividend allocation, following review and adoption of the Supervisory Board's position on the Amica S.A. Management Board's proposal. The resolution allocates 15.3 million zł for dividend payments, consisting of 5.3 million zł from the 2024 profit and 10.0 million zł from the supplementary capital created from profits of prior years. This results in a dividend payment of 2.00 zł per share. The dividend was paid on 27 June, 2025
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30 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Supplemen- tary capital Own shares Revaluation of hedging instruments capital Revaluation reserve capital of a defined benefit plan Other reserve capitals, including the incentive scheme Capital from the revalu- ation of the incentive scheme Total As at 1 January, 2024 1 068.8 (12.4) 20.6 2.0 30.0 1.3 1 110.3 Other net comprehensive income — — 2.5 — — — 2.5 Total comprehensive income — — 2.5 — — — 2.5 Transfer of net loss for 2023 [2] (18.8) — — — — — (18.8) Dividends (19.2) — — — — — (19.2) Valuation of incentive scheme — — — — — 0.5 0.5 Other changes — — — — — 0.1 0.1 As at 30 June, 2023 1 030.8 (12.4) 23.1 2.0 30.0 1.9 1 075.4 Supplemen- tary capital Own shares Revaluation of hedging instruments capital Revaluation reserve capital of a defined benefit plan Other reserve capitals, including the incentive scheme Capital from the revalu- ation of the incentive scheme Total As at 1 January, 2024 1 068.8 (12.4) 20.6 2.0 30.0 1.3 1 110.3 Other net comprehensive income — — (0.9) — — — (0.9) Total comprehensive income — — (0.9) — — — (0.9) Transfer of net loss for 2023 [2] (18.8) — — — — — (18.8) Dividends (19.2) — — — — — (19.2) Valuation of incentive scheme — — — — — 0.7 0.7 As at 31 December, 2024 1 030.8 (12.4) 19.7 2.0 30.0 2.0 1 072.1 [2] On 25 April 2024, the Supervisory Board issued a positive opinion on the motion of the Management Board of Amica S.A. regarding the coverage of the net loss for the 2023 financial year in the amount of 18.8 million zł, entirely from the supplementary capital created from profits from previous years.
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31 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 15. Property, plant and equipment As at 30 June, 2025 Land Buildings and structures Machinery and equipment Means of transport Other fixed assets Property, plant and equipment in produc- tion Advance payments for property, plant and equipment in produc- tion Total fixed assets Gross balance 5.4 330.5 395.4 23.9 172.9 1.7 2.3 932.1 Cumulative amortisation and write-downs — (106.6) (232.5) (17.3) (124.9) — — (481.3) Net balance 5.4 223.9 162.9 6.6 48.0 1.7 2.3 450.8 As at 30 June, 2024 Land Buildings and structures Machinery and equipment Means of transport Other fixed assets Property, plant and equipment in produc- tion Advance payments for property, plant and equipment in produc- tion Total fixed assets Gross balance 5.4 327.5 380.6 23.7 168.1 6.0 7.7 919.0 Cumulative amortisation and write-downs — (98.8) (221.6) (16.4) (118.9) — — (455.7) Net balance 5.4 228.7 159.0 7.3 49.2 6.0 7.7 463.3 As at 31 December, 2024 Land Buildings and structures Machinery and equipment Means of transport Other fixed assets Property, plant and equipment in produc- tion Advance payments for property, plant and equipment in produc- tion Total fixed assets Gross balance 5.4 329.6 387.9 23.9 169.7 9.8 1.5 927.8 Cumulative amortisation and write-downs — (102.7) (226.9) (16.9) (122.0) — — (468.5) Net balance 5.4 226.9 161.0 7.0 47.7 9.8 1.5 459.3
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32 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] For the period from 1 January to 30 June, 2025 Land Buildings and structures Machinery and equipment Means of transport Other fixed assets Property, plant and equipment in produc- tion Advance payments for property, plant and equipment in produc- tion Total fixed assets Net carrying amount as at 1 January 2025 5.4 226.9 161.0 7.0 47.7 9.8 1.5 459.3 Increases (acquisition, manufacture) — 0.9 7.6 — 3.2 — 0.8 12.5 Decreases (sale, liquidation (-) transfer to fixed assets) — — (0.5) — (2.2) (8.1) — (10.8) Depreciation in accordance with the depreciation plan (–) — (3.9) (5.6) (0.4) (2.9) — — (12.8) Depreciation write-offs for liquidated or sold assets. — — 0.4 — 2.2 — — 2.6 Net carrying amount as at 30 June 2025 5.4 223.9 162.9 6.6 48.0 1.7 2.3 450.8 For the period from 1 January to 30 June, 2024 Land Buildings and structures Machinery and equipment Means of transport Other fixed assets Property, plant and equipment in produc- tion Advance payments for property, plant and equipment in produc- tion Total fixed assets Net carrying amount as at 1 January 2024 5.2 232.2 162.3 7.5 49.0 6.3 3.3 465.8 Increases (acquisition, manufacture) — 1.5 1.9 0.8 3.3 — 4.3 11.8 Decreases (sale, liquidation (-) transfer to fixed assets) — (1.4) (1.1) (0.6) (1.0) (0.2) — (4.3) Depreciation in accordance with the depreciation plan (–) — (4.1) (5.1) (0.5) (2.9) — — (12.6) Depreciation write-offs for liquidated or sold assets. — 0.5 1.1 0.1 0.8 — — 2.5 Exchange net gain (loss) (+/-) 0.2 — (0.1) — — (0.1) 0.1 0.1 Net carrying amount as at 30 June 2024 5.4 228.7 159.0 7.3 49.2 6.0 7.7 463.3
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33 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] For the period from 1 January to 31 December, 2024 Land Buildings and structures Machinery and equipment Means of transport Other fixed assets Property, plant and equipment in produc- tion Advance payments for property, plant and equipment in produc- tion Total fixed assets Net carrying amount as at 1 January, 2024 5.2 232.2 162.3 7.5 49.0 6.3 3.3 465.8 Increases (acquisition, manufacture) 0.2 7.7 10.0 1.1 6.2 4.3 — 29.5 Decreases (sale, liquidation (-) transfer to fixed assets) — (1.4) (1.4) (1.0) (1.5) — (1.8) (7.1) Depreciation in accordance with the depreciation plan (–) — (8.0) (10.4) (1.0) (6.0) — — (25.4) Depreciation write-offs for liquidated or sold assets. — 0.5 1.4 0.5 1.4 — — 3.8 Exchange net gain (loss) (+/-) — (0.3) — (0.1) (0.1) — — (0.5) Sale of Stadion Poznań Sp. z o.o. — (3.8) (0.9) — (1.3) (0.8) — (6.8) Net carrying amount as at 31 December, 2024 5.4 226.9 161.0 7.0 47.7 9.8 1.5 459.3
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34 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 16. Intangible assets As at 30 June, 2025 Trademarks Patents and licenses Computer software Cost of completed develop- ment work Other intangible assets Intangible assets being developed Advance payments for intangi- ble assets Total intangi- ble assets Gross balance 102.5 21.4 35.3 60.5 11.3 23.4 3.8 258.2 Cumulative amortisation and write-downs (17.0) (18.0) (19.3) (25.9) (11.3) — — (91.5) Net balance 85.5 3.4 16.0 34.6 — 23.4 3.8 166.7 As at 30 June, 2024 Trademarks Patents and licenses Computer software Cost of completed develop- ment work Other intangible assets Intangible assets being developed Advance payments for intangi- ble assets Total intangi- ble assets Gross balance 104.8 21.2 28.6 38.3 11.3 38.4 1.3 243.9 Cumulative amortisation and write-downs (17.1) (17.0) (16.4) (22.8) (11.2) — — (84.5) Net balance 87.7 4.2 12.2 15.5 0.1 38.4 1.3 159.4 As at 31 December, 2024 Trademarks Patents and licenses Computer software Cost of completed develop- ment work Other intangible assets Intangible assets being developed Advance payments for intangi- ble assets Total intangi- ble assets Gross balance 104.9 21.4 31.4 60.5 11.3 20.8 0.1 250.4 Cumulative amortisation and write-downs (17.0) (17.5) (17.7) (24.2) (11.3) — — (87.7) Net balance 87.9 3.9 13.7 36.3 — 20.8 0.1 162.7
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35 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] For the period from 1 January to 30 June, 2025 Trademarks Patents and licenses Computer software Cost of completed develop- ment work Other intangible assets Intangible assets being developed Advance payments for intangi- ble assets Total intangi- ble assets Net carrying amount as at 1 January, 2025 87.9 3.9 13.7 36.3 — 20.8 0.1 162.7 Increases (acquisition, manufacture) — — 3.9 — — 2.6 3.7 10.2 Depreciation in accordance with the depreciation plan (–) — (0.5) (1.6) (1.7) — — — (3.8) Exchange net gain (loss) (+/-) (2.4) — — — — — — (2.4) Net carrying amount as at 30 June, 2025 85.5 3.4 16.0 34.6 — 23.4 3.8 166.7 For the period from 1 January to 30 June, 2024 Trademarks Patents and licenses Computer software Cost of completed develop- ment work Other intangible assets Intangible assets being developed Advance payments for intangi- ble assets Total intangi- ble assets Net carrying amount as at 1 January, 2024 86.7 5.0 13.5 16.8 0.2 35.3 0.6 158.1 Increases (acquisition, manufacture) — 0.3 0.3 0.1 — 3.1 0.7 4.5 Decreases (sales, liquidation, adoption as intangible assets) (–) — (0.3) (2.5) (1.1) — — — (3.9) Depreciation in accordance with the depreciation plan (–) — (0.8) (1.3) (1.4) — — — (3.5) Depreciation write-offs for liquidated or sold assets. — — 2.2 1.1 — — — 3.3 Exchange net gain (loss) (+/-) 1.0 — — — (0.1) — — 0.9 Net carrying amount as at 30 June, 2024 87.7 4.2 12.2 15.5 0.1 38.4 1.3 159.4
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36 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] For the period from 1 January to 31 December, 2024 Trademarks Patents and licenses Computer software Cost of completed develop- ment work Other intangible assets Intangible assets being developed Advance payments for intangi- ble assets Total intangi- ble assets Net carrying amount as at 1 January, 2024 86.7 5.0 13.5 16.8 0.2 35.3 0.6 158.1 Increases (acquisition, manufacture) — 0.4 3.2 22.4 — — — 26.0 Decreases (sales, liquidation, adoption as intangible assets) (–) — (0.2) (0.4) (0.1) — (14.5) (0.4) (15.6) Depreciation in accordance with the depreciation plan (–) — (1.3) (2.6) (2.8) (0.1) — — (6.8) Exchange net gain (loss) (+/-) 1.2 — — — — — (0.1) 1.1 Sale of Stadion Poznań Sp. z o.o. — — — — (0.1) — — (0.1) Net carrying amount as at 31 December, 2024 87.9 3.9 13.7 36.3 — 20.8 0.1 162.7
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37 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 17. Assets due to the right of use and leasing liabilities Right of use Liabilities from leasing agreementsLand Immovable property Machinery and equipment Means of transport Trademark Other Total Net carrying amount as at 1 January, 2025 6.5 24.8 20.3 8.5 16.0 0.1 76.2 64.7 Conclusion of new agreements — 1.2 4.4 2.0 — — 7.6 7.6 Depreciation (0.1) (4.3) (5.6) (2.7) (0.8) — (13.5) — Lease payments — — — — — — — (15.1) Accrued interest — — — — — — — 2.5 Currency translation differences — (0.2) 0.1 (0.1) — (0.1) (0.3) 0.3 Net carrying amount as at 30 June, 2025 6.4 21.5 19.2 7.7 15.2 — 70.0 60.0 Right of use Liabilities from leasing agreementsLand Immovable property Machinery and equipment Means of transport Trademark Other Total Net carrying amount as at 1 January, 2024 6.5 12.7 22.1 9.1 17.7 2.1 70.2 58.1 Conclusion of new agreements 0.2 2.8 8.3 2.9 — — 14.2 14.1 Changes and modifications — (1.3) — — (0.1) — (1.4) (1.0) Depreciation (0.1) (2.5) (6.0) (2.7) (0.8) (0.3) (12.4) — Lease payments — — — — — — — (15.6) Accrued interest — — — — — — — 2.6 Currency translation differences — (0.2) — 0.1 — — (0.1) (0.2) Net carrying amount as at 30 June, 2024 6.6 11.5 24.4 9.4 16.8 1.8 70.5 58.0
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38 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Right of use Liabilities from leasing agreementsLand Immovable property Machinery and equipment Means of transport Trademark Other Total Net carrying amount as at 1 January, 2024 6.5 12.7 22.1 9.1 17.7 2.1 70.2 58.1 Conclusion of new agreements 0.1 22.9 10.5 5.7 — — 39.2 39.2 Changes and modifications — (0.2) — (0.3) — — (0.5) (0.2) Depreciation (0.1) (6.5) (12.2) (5.9) (1.7) (0.6) (27.0) — Payment of lease — — — — — — — (31.9) Accrued interest — — — — — — — 5.4 Currency translation differences — (0.3) (0.1) (0.1) — 0.1 (0.4) (0.4) Sale of Stadion Poznań Sp. z o.o. — (3.8) — — — (1.5) (5.3) (5.5) Net carrying amount as at 31 December, 2024 6.5 24.8 20.3 8.5 16.0 0.1 76.2 64.7
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39 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 18. Goodwill The table below presents the carrying amount of goodwill arising from the acquisition of subsidiaries. 30 June, 2025 30 June, 2024 31 December, 2024 Gram Domestic A/S 7.6 7.7 7.7 Amica International GmbH 11.1 10.3 11.1 THE CDA Group Ltd. 17.8 18.3 18.5 Amica Handel i Marketing Sp. z o.o. 0.1 0.1 0.1 Marcelin Management Sp. z o.o. [1] — 4.2 — Total goodwill 36.6 40.6 37.4 [1] The goodwill was created in 2013 upon the acquisition of Marcelin Management Sp. z o.o. by Amica S.A. With the sale of Stadion Poznań Sp. z o.o., this value was removed from the balance sheet.
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40 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 19. Inventory 30 June, 2025 30 June, 2024 31 December, 2024 Materials: At the purchase price 64.4 71.0 66.8 According to recoverable net value 62.5 68.6 64.5 Work in progress (at the cost of manufacture) 9.3 8.6 9.4 Finished goods: By production costs 89.0 109.8 80.5 According to recoverable net value 85.9 105.5 76.4 Goods: At the purchase price 433.7 418.5 392.2 According to recoverable net value 424.2 409.5 382.4 Spare parts 16.7 16.2 16.4 Total value of inventories 598.6 608.4 549.1 As at 30 June, 2025, the Company had inventory revaluation write-downs to recoverable net value of 14.5 million zł (15.7 million zł as at 30 June 2024, and 16.2 million zł as at 31 December 2024). Revaluation of inventory was related to materials, finished products and goods and resulted from the policy of creating impairment losses on inventory, based on turnover ratios. In the first 6 months of 2025, the amount of 1.7 million zł was recognised in the result as revenue (in the period of 6 months of 2024 4.1 million zł as revenue, and 3.6 million zł was recognised as revenue in 2024), due to a change in the inventory write-down.
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41 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 20. Receivables from deliveries and services and other receivables 30 June, 2025 30 June, 2024 31 December, 2024 Receivables from provision of deliveries and services 330.3 396.7 276.8 Guarantee fund for receivables factoring 57.6 60.3 69.2 Other receivables from third parties [1] 23.3 8.5 19.4 Total receivables (net) 411.2 465.5 365.4 Allowance for uncollectible accounts 12.9 17.2 14.3 Gross receivables 424.1 482.7 379.7 [1] Including 8.6 million zł of receivables related to the sale of the subsidiary Nowe Centrum Sp. z o.o. (8.8 million zł as at 31 December, 2024) and 3.5 million related to the sale of the subsidiary Stadion Sp. z o.o. (9.0 million zł as at 31 December, 2024). Terms of transactions with related parties are set out in the Note 24. Trade receivables do not bear interest and usually have a 50-day payment period. In order to improve cash flow from operating activities, the Group used factoring without recourse during the financial year. In the case of non-recourse factoring, all significant risks regarding receivables are transferred to the financing party. As at the balance sheet date, the Group derecognised receivables paid to the factor in the amount of 237.4 million zł (265.7 million zł as at 30 June, 2024 and 288.5 million zł 31 December, 2024), other receivables resulting from amounts to be paid by the factor in relation to the sold receivables amounted to 57.6 million zł as at the reporting date (60.3 million zł as at 30 June, 2024 and 69.2 million zł as at 31 December, 2024). The costs related to receivables factoring amounted to 9.9 million zł (11.6 million zł as at 30 June, 2024 and 22.7 million zł in 2024). The Group operates a policy to sell only to verified customers. As a result, the management believes there is no additional credit risk beyond the level specified by the allowance for uncollectible trade receivables of the Group.
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42 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 21. Credits, loans and other debt instruments 30 June, 2025 30 June, 2024 31 December, 2024 Short-term 234.3 153.0 140.9 Liabilities from leasing agreements 21.1 22.1 23.2 Credits and loans 187.9 115.5 102.3 Bonds 25.3 15.4 15.4 Long-term 59.7 85.7 83.2 Liabilities from leasing agreements 38.9 35.9 41.5 Credits and loans 3.3 7.3 6.7 Bonds 17.5 42.5 35.0 The Group uses financial instruments based on variable interest rates, which are subject to the reform of benchmarks. As a result of the reform, the publication of the WIBOR indicator will end in 2025. This indicator will be replaced by the new POLSTR indicator, calculated as the average interest rate on overnight deposit transactions of financial entities. As at 30 June, 2024, the Group estimated that the WIBOR reform will not have a significant impact on the Group's financial statements. For each reporting period, including as at 30 June, 2025 and until the publication of these interim condensed consolidated financial statements, the values of the financial covenants complied with the provisions of the agreements. In the current reporting period, the Group repaid the principal and interest on the dates specified in the agreements. There was no breach of the terms of the agreements and the Group did not renegotiate the terms of any of the agreements relating to liabilities under credits, loans and debt instruments.
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43 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 22. Provisions Non-current provisions For the period from 1 January to 30 June, 2025 Provisions for warranty repairs Provisions for salaries and annual leave Provisions for retirement and disability benefits Other Provisions Opening balance 11.3 — 4.4 0.3 Increase in provisions 0.1 — — — Use of provisions (0.3) — — — Other changes 0.1 — — — Closing balance 11.2 — 4.4 0.3 Current provisions For the period from 1 January to 30 June, 2025 Provisions for warranty repairs Provisions for salaries and annual leave Provisions for retirement and disability benefits Other Provisions Opening balance 37.3 15.3 0.6 2.4 Increase in provisions 4.4 3.9 1.0 2.4 dissolution of provisions (0.4) (0.4) — — Use of provisions (4.2) (7.7) (1.0) (3.0) Other changes (0.2) (0.5) — — Closing balance 36.9 10.6 0.6 1.8
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44 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Non-current provisions For the period from 1 January to 30 June, 2024 Provisions for warranty repairs Provisions for salaries and annual leave Provisions for retirement and disability benefits Other Provisions Opening balance 12.0 — 4.3 0.3 Use of provisions (0.1) — — — Closing balance 11.9 — 4.3 0.3 Current provisions For the period from 1 January to 30 June, 2024 Provisions for warranty repairs Provisions for salaries and annual leave Provisions for retirement and disability benefits Other Provisions Opening balance 42.6 18.6 0.6 3.6 Increase in provisions 6.5 14.2 1.4 1.3 dissolution of provisions (2.0) (2.8) — — Use of provisions (5.3) (14.2) (1.4) (1.9) Other changes 0.2 (0.8) (0.1) (0.2) Closing balance 42.0 15.0 0.5 2.8
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45 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Non-current provisions For the period from 1 January to 31 December, 2024 Provisions for warranty repairs Provisions for salaries and annual leave Provisions for retirement and disability benefits Other Provisions Opening balance 12.0 — 4.3 0.3 Increase in provisions 0.2 — 0.1 — dissolution of provisions (0.6) — — — Use of provisions (0.3) — — — Closing balance 11.3 — 4.4 0.3 Current provisions For the period from 1 January to 31 December, 2024 Provisions for warranty repairs Provisions for salaries and annual leave Provisions for retirement and disability benefits Other Provisions Opening balance 42.6 18.6 0.6 3.6 Increase in provisions 21.6 20.3 2.7 2.0 dissolution of provisions (4.2) (2.4) — (0.6) Use of provisions (22.5) (20.7) (2.7) (2.6) Other changes (0.2) (0.5) — — Closing balance 37.3 15.3 0.6 2.4
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46 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 23. Liabilities from deliveries and services and other liabilities 30 June, 2025 30 June, 2024 31 December, 2024 Liabilities from deliveries and services Towards subsidiaries and affiliates — 0.5 0.1 To other entities, including: 480.7 556.6 473.9 Bonuses for customers 61.9 87.2 58.5 480.7 557.1 474.0 Other liabilities Liabilities due to employees from the remuneration 15.0 14.9 12.9 Liabilities from taxes, customs duties and social security 43.3 34.1 37.2 Other liabilities 2.2 3.5 0.5 60.5 52.5 50.6 Total liabilities 541.2 609.6 524.6 Terms and conditions of the above financial liabilities: • Trade liabilities are non-interest-bearing and are generally settled within 60 to 90 days; • other liabilities are non-interest bearing liabilities, with an average one-month payment period. 24. Contingent liabilities As at the balance sheet date, a customs and tax audit for 2019 was conducted at the subsidiary Amica Handel i Marketing Sp. z o.o. The audit ended on 27 August, 2025. Amica Handel i Marketing Sp. z o.o. will comply with the audit findings and raises no objection to the inspectors' conclusions. Due to their insignificance, the audit results were not included in the report for the first half of 2025. Lawsuits As at the balance sheet date, there were no significant proceedings concerning the liabilities or receivables of the Parent Company or its subsidiary.
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47 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 25. Information on related parties Control over the Amica Capital Group is exercised by Holding Wronki Sp. z o.o., which holds 34.93% of Amica S.A. shares. The remaining shares are held by numerous shareholders, including employees. Shareholders holding more than 5% of shares in Amica S.A. are listed in the Note 27. The Group employs a procedure designed to verify the related parties among the members of the Management Board, the Supervisory Board and the key personnel. The verification process allowed to identify the parties presented below: The Group identifies capital and personal ties. Personal connections arise either when a relationship is established through key management personnel or when it's established through entities controlled by the owners of the Parent Company. Capital connections exist for subsidiaries and parent entities. All consolidated subsidiaries have prepared the financial statements as at 30 June 2025. Entities affiliated with the Group include: • Consolidated subsidiaries satisfying the definition of control in accordance with IFRS 10, listed in Note 4 • Other related parties: KKS Lech Poznań, Amicis Foundation • Key personnel of the Group (executives) and the Supervisory Board • Parent companies: Holding Wronki Sp. z o.o., Invesco Sp. z o.o. ( parent entity of Holding Wronki Sp. z o.o.).
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48 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Name of the related party Revenues from core business Cost of core business 30 June, 2025 30 June, 2024 30 June, 2025 31 December, 2024 Holding Wronki Sp. z o.o. [1] — — — 0.4 KKS LECH Poznań S.A. 0.1 5.7 0.1 1.1 Total 0.1 5.7 0.1 1.5 Name of the related party Trade receivables Trade liabilities 30 June, 2025 30 June, 2024 31 December, 2024 30 June, 2025 30 June, 2024 31 December, 2024 KKS LECH Poznań S.A. — 1.4 — — 0.5 0.1 Total — 1.4 — — 0.5 0.1 The tables below present the total amounts of transactions concluded with related entities: [1] Details can be found in note 42 of the Annual Consolidated Financial Statements.
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49 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 26. Salaries of the Group's Senior Management For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 The Management Board of the parent company acting as at the balance sheet date Short-term benefits for performing their roles 2.8 3.3 Post-employment benefits — 1.0 Total 2.8 4.3 Supervisory Board of the Parent Company Short-term benefits for performing their roles 1.0 1.0 Total 1.0 1.0 27. Derivatives Under the hedging policy, derivatives are designated by the Group as cash flow and fair value hedges in accordance with the requirements of IFRS 9. Other derivatives are treated as instruments held for trading (trading derivatives). Derivatives as part of hedge accounting 30 June, 2025 30 June, 2024 31 December, 2024 Long-term financial assets 1.1 0.7 0.6 Short-term financial assets 4.6 11.9 8.0 Long-term financial liabilities 2.4 — — Short-term financial liabilities 53.7 6.3 1.2 As at the balance sheet date, the Group does not have any derivative instruments other than hedge accounting.
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50 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Valuation of financial instruments in capital and in profit or loss for the period of 6 months ended 30 June 2025 and in comparative periods. 30 June, 2025 Balance sheet valuation of the instrument recognised in equity Deferred tax recognized in equity Balance sheet valuation of the instrument recognised in equity, net of deferred tax Instrument valuation recognized in profit or loss Forward contract in EUR 0.7 (0.1) 0.6 1.7 Forward contract in CNY (29.6) 6.7 (22.9) (11.1) Forward contract in USD (11.8) 2.0 (9.8) (2.3) Forward contract in GBP 0.5 (0.1) 0.4 0.8 Forward contract in CZK 0.3 (0.1) 0.2 0.4 Cross-Currency Interest Rate Swap Contract 19.4 (3.7) 15.7 — (20.5) 4.7 (15.8) (10.5) 30 June, 2024 Balance sheet valuation of the instrument recognised in equity Deferred tax recognized in equity Balance sheet valuation of the instrument recognised in equity, net of deferred tax Instrument valuation recognized in profit or loss Forward contract in EUR 9.4 (1.8) 7.6 0.6 Forward contract in CNY (0.3) — (0.3) (3.3) Forward contract in USD (0.8) 0.2 (0.6) 0.2 Forward contract in GBP 0.4 (0.1) 0.3 — Forward contract in CZK 0.2 — 0.2 (0.1) IRS Contract 0.2 — 0.2 — Cross-Currency Interest Rate Swap Contract 19.4 (3.7) 15.7 — 28.5 (5.4) 23.1 (2.6) 31 December, 2024 Balance sheet valuation of the instrument recognised in equity Deferred tax recognized in equity Balance sheet valuation of the instrument recognised in equity, net of deferred tax Instrument valuation recognized in profit or loss Forward contract in EUR 1.0 (0.2) 0.8 1.2 Forward contract in CNY 1.3 (0.3) 1.0 0.5 Forward contract in USD 2.0 (0.4) 1.6 0.5 Forward contract in CZK 0.7 (0.1) 0.6 0.3 Cross-Currency Interest Rate Swap Contract 19.4 (3.7) 15.7 — 24.4 (4.7) 19.7 2.5 [1] The Group used a Cross-Currency Interest Rate Swap contract to hedge the net asset value of THE CDA GROUP Limited. In 2022, this instrument was settled. As at the balance sheet date, the effect of the settlement is accumulated in the Group's equity.
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51 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Fair value of financial instruments Fair value is defined as the amount at which an asset could be exchanged under market conditions, and the obligation fulfilled, between knowledgeable, interested and unrelated parties For the financial instruments for which there is an active market, their fair value is determined based on the parameters from the active market (sale and purchase prices). For financial instruments for which there is no active market, the fair value is determined using the valuation techniques that make maximum use of market inputs and variables from active markets (exchange rates, interest rates, etc). The technique used to value forward currency transactions involves the present value of future cash flows based on forward currency exchange rates at the balance sheet date. Fair value hierarchy of Financial Instruments: Classes of financial instruments 30 June, 2025 30 June, 2024 31 December, 2024 level 2 level 2 level 2 Financial assets valued at amortised cost: Receivables from clients 411.2 465.5 365.4 Other financial assets 23.3 4.3 22.1 Cash and cash equivalents 112.7 85.5 127.8 Financial liabilities valued at amortised cost: Credits, loans and other debt instruments, 234.0 180.7 159.4 Liabilities from deliveries and services and other liabilities. 541.2 609.6 524.6 Liabilities from leasing agreements 60.0 58.0 64.7 Liabilities due to debt factoring 5.9 11.2 9.2 Financial instruments measured at fair value through other comprehensive income: Financial derivatives, including: Assets 5.7 12.6 8.6 Liabilities 56.1 6.3 1.2
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52 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 28. Other information 28.1. Shareholdings Shareholders holding directly or indirectly at least 5% of the total number of voting rights at the General Meeting of Amica S.A. 30 June, 2025 Number of shares Share in capital [%] Number of votes Share in the total number of votes [%] Nominal value of shares Holding Wronki Sp. z o.o. 2 715 771 34.9% 5 431 542 51.8% 5.4 NATIONALE-NEDERLANDEN Open Pension Fund [1][2] 555 952 7.1% 555 952 5.3% 1.1 Allianz Open Pension Fund [1][3] 710 434 9.1% 710 434 6.8% 1.4 Other shareholders [4] 3 793 116 48.7% 3 794 423 36.1% 7.7 Total 7,775,273 100.0% 10 492 351 100.0% 15.6 [1] Data indicated based on the content of the notifications received by the Company from its Shareholders, and drawn up under Article 69 of the Public Offering Act of 29 July, 2005. [2] The Management Board of Amica S.A. indicates that at the Ordinary General Meeting of the Company, which was held on 11 June, 2025, the number of votes by Nationale-Nederlanden Otwarty Fundusz Emerytalny due to registered shares was 744,846, which was 744,846 votes constituting 9.98% share in the number of votes at this Ordinary General Meeting and 7.09% of the share in the total number of votes. [3] The Management Board of "Amica S.A." indicates that at the Ordinary General Meeting of the Company, which was held on 11 June, 2025, the number of votes by Allianz Polska Open Pension Fund due to registered shares was 710,434, which was 710,434 votes constituting 9.52% share in the number of votes at this Ordinary General Meeting and 6.77% of the share in the total number of votes. [4] Under the Own Shares Buyback scheme, the Company acquired 250,000 ordinary bearer shares of Amica S.A. marked with the ISIN PLAMICA00010 code (see: Current Report No. 35/2018 of 16 October, 2018); the pool of shares granted to the eligible persons as part of the Incentive Scheme settlement for the period 2019-2023 amounted to a total of 146.171 shares.
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53 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Shares held by members of the Management Board of Amica SA Shares held by the Members of the Supervisory Board of Amica S.A. The table below presents the list of Management Board members who were awarded shares under the Company's Incentive Scheme for 2019-2026 Number of shares as at 30 June, 2025 Purchase (sale) of shares (in pcs.) Number of shares as at 31 December, 2024 Michał Rakowski 22 212 — 22 212 Robert Stobiński 19 607 — 19 607 Number of shares as at 30 June, 2025 Purchase (sale) of shares (in pcs.) Number of shares as at 31 December, 2024 Mr Tomasz Rynarzewski 400 — 400 Number of shares granted for the 2019 financial year (pcs) Number of shares granted for the 2020 financial year (pcs) Number of shares granted for the 2021 financial year (pcs) Michał Rakowski 4 772 9 222 7 218 Robert Stobiński 2 117 9 222 7 218
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54 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] 29. Events after the balance date As a result of work related to preparing Nowa Panorama Sp. z o.o. for sale, which took place after the balance sheet date, in the third quarter of 2025 the value of investment properties was reclassified to assets available for sale. 30. The impact of the geopolitical situation in Ukraine on the Capital Group The business activities of Amica Group are and may be affected by the military operations ongoing in the territory of Ukraine since 24 February 2022. This creates a new, dynamically changing and unpredictable situation in the business environment for business entities. Due to the dynamic situation, the Management Board of the Group cannot predict a further scenario or how the situation will develop. The Management Board of the Parent Company believes it's difficult to precisely estimate the impact of the political and economic situation in Ukraine on the Group's future financial position and results, as of the date these interim condensed consolidated financial statements were published. The Amica Group's Management Board maintains ongoing analysis of available information and undertakes initiatives aimed at mitigating the impact of the current situation on its operations. Accordingly, the potential for circumstances to significantly impact the financial and economic situation in future reporting periods cannot be dismissed. The Amica Group conducts ongoing risk assessments related to the operational activities of its subsidiaries, Hansa OOO and Hansa Ukraina OOO. At present, Management does not foresee any significant risk of a negative impact. Having conducted a risk analysis up to the publication date of these interim consolidated financial statements, the Management Board concludes that the Companies' ability to continue as a going concern for a period of not less than 12 months from now, specifically until 30 June, 2026, is not under threat.
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55 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] Amica Spółka Akcyjna Condensed separate financial statements for the period of 6 months ended on 30 June, 2025
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56 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] Selected separate financial data million PLN million EUR For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 1 Revenue from agreements with customers 650.6 681.2 153.8 157.8 2 Loss on operating activities (0.2) (19.8) — (4.6) 3 Profit (loss) before tax 6.5 (6.4) 1.5 (1.5) 4 Net profit (loss) attributable to company shareholders 6.4 (2.6) 1.5 (0.6) 5 Net cash flows from operating activities (29.8) 34.7 (7.0) 8.0 6 Net cash flows from investment activities (12.4) 3.5 (2.9) 0.8 7 Net cash flows from financial activities 41.1 (30.4) 9.7 (7.0) 8 Total net cash flows (1.1) 7.8 (0.3) 1.8 9 Profit per ordinary share 0.83 (0.34) 0.20 (0.08) million PLN million EUR 30 June, 2025 30 June, 2024 30 June, 2025 30 June, 2024 1 Total assets 1 600.3 1 573.1 377.3 364.7 2 Long term liabilities 76.8 104.0 18.1 24.1 3 Current liabilities 508.1 422.9 119.8 98.1 4 Equity capital allocated to shareholders 1 015.4 1 046.2 239.4 242.6 5 Share capital 15.6 15.6 3.7 3.6 6 Number of shares 7,775,273 7,775,273 7,775,273 7,775,273 7 Number of own shares for disposal 103,829 103,829 103,829 103,829 8 Book value per share (in PLN / EUR) 128.45 132.47 30.28 30.71 9 Declared dividend per share [PLN/EUR] [1] 2.00 2.50 0.47 0.58 Financial data was converted to the euro according to the following currency exchange rates: 30 June, 2025 30 June, 2024 currency exchange rates for the statement of comprehensive income and cash flow 4.2419 4.3178 Currency exchange rates for the items of statement of financial position 4.2313 4.3130 [1] On 11 June, 2025, the Annual General Meeting of Shareholders approved a resolution regarding the dividend allocation, following review and adoption of the Supervisory Board's position on the Amica S.A. Management Board's proposal. The resolution allocates 15.3 million zł for dividend payments, consisting of 5.3 million zł from the 2024 profit and 10.0 million zł from the supplementary capital created from profits of prior years. This results in a dividend payment of 2.00 zł per share. The dividend was paid on 27 June, 2025
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57 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] Condensed separate statement of comprehensive income for the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 Revenue from sale of goods and products 642.9 673.7 Revenue from sale of services 7.7 7.5 Revenue from agreements with customers 650.6 681.2 Own sales costs 529.8 551.8 Gross profit on sales 120.8 129.4 Other operating revenue 3.8 3.9 Cost of sales 48.1 53.6 General administrative expenses 61.8 70.0 Other operating costs 14.9 29.5 Profit (loss) from operations (0.2) (19.8) Financial revenue 17.9 20.3 Financial costs 11.2 6.9 Gross profit/(loss) 6.5 (6.4) Income tax 0.1 (3.8) Net profit (loss) 6.4 (2.6) Other net comprehensive income Items to be reclassified to the profit / (loss) in subsequent reporting periods: (23.1) 0.9 Cash flow hedging (28.5) 1.1 Income tax associated with other total revenues 5.4 (0.2) Total other net comprehensive income (23.1) 0.9 Total comprehensive income (16.7) (1.7) Profit per share: – basic from profit for the financial year 0.83 (0.34) – diluted from the profit for the financial year 0.83 (0.34)
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58 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] Condensed separate statement of financial position as at 30 June 2025 ASSETS Note 30 June, 2025 30 June, 2024 31 December, 2024 Fixed assets 967.8 944.5 972.3 Property, plant and equipment 3. 427.3 431.0 434.3 Use Rights 4. 51.7 60.2 54.0 Intangible assets 5. 102.1 82.3 96.6 Investments in subsidiaries 2. 288.2 332.7 300.2 Derivative financial instruments 1.1 0.7 0.6 Other long-term financial assets 6. 53.0 8.4 51.9 Deferred income tax assets 7. 44.4 29.2 34.7 Current Assets 632.5 628.6 547.5 Inventory 8. 311.8 317.9 251.4 Receivables from deliveries and services and other receivables. 9. 283.9 261.3 261.9 Derivative financial instruments 4.5 11.6 4.8 Other short-term financial assets 6. 17.5 17.3 19.4 Other short-term non-financial assets 12.4 11.5 6.4 Cash and cash equivalents 2.4 9.0 3.6 TOTAL ASSETS 1 600.3 1,573.1 1,519.8
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59 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] LIABILITIES Note 30 June, 2025 30 June, 2024 31 December, 2024 Equity capital: 1 015.4 1,046.2 1,048.9 Stated capital 15.6 15.6 15.6 Other capital 978.3 1 018.1 1,012.9 Retained profits 21.5 12.5 20.4 Long term liabilities 76.8 104.0 94.4 Credits, loans and other debt instruments, 11. 21.2 43.5 39.0 Liabilities from leasing agreements 11. 28.8 33.5 29.8 Non-current provisions 10. 10.1 10.0 10.1 Derivative financial instruments 2.4 — — Long-term deferred charges and accruals 14.3 17.0 15.5 Current liabilities 508.1 422.9 376.5 Liabilities from deliveries and services and other liabilities. 12. 246.0 258.0 232.3 Liabilities due to debt factoring 11. 5.9 11.2 9.2 Credits, loans and other debt instruments, 11. 182.0 104.8 89.7 Liabilities from leasing agreements 11. 12.6 13.5 12.6 Derivative financial instruments 35.1 5.4 1.1 Liabilities from income tax 12. 2.2 2.9 4.7 Current deferred charges and accruals 2.7 1.5 3.0 Current provisions 10. 21.6 25.6 23.9 Total liabilities 584.9 526.9 470.9 TOTAL LIABILITIES 1 600.3 1,573.1 1,519.8
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60 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] Condensed separate statement of cash flows for the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 For the period of 12 months ended 31 December, 2024 CASH FLOWS FROM OPERATING ACTIVITIES Gross profit 6.5 (6.4) 2.6 Adjustments by items: (36.3) 41.1 72.2 Depreciation 24.0 23.1 46.6 Currency translation (profit)/loss 0.4 (0.4) 1.4 Write-downs on investments 12.0 25.0 46.4 Valuation of incentive scheme (1.5) 0.5 0.7 Interest and profit sharing (dividend) (5.9) (8.0) 0.4 (Profit) on investing activities — — (24.5) Change in provisions (2.3) (1.5) (3.2) (Increase) / decrease in inventories (60.4) (62.5) 4.0 (Increase) / decrease in receivables (26.9) 33.2 [1] 13.8 Increase/(decrease) in short-term liabilities 31.5 40.2 (3.0) Change in prepayments and accruals (7.9) (6.8) (1.6) Cash flows related to hedging (6.2) 5.0 8.0 Result on derivatives 13.7 (1.6) (8.6) Income tax paid (6.0) (5.7) (9.0) Other (0.8) 0.6 0.6 Net cash flows from operating activities (29.8) 34.7 74.6 [1] The balance sheet change in receivables differs from the change shown in cash flows due to the non-cash nature of the conversion of receivables into an increase in the share capital of Sideme S.A. and Electrodomesticos Iberia S.L. For details, see note 2 Investments in subsidiaries.
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61 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 For the period of 12 months ended 31 December, 2024 CASH FLOWS FROM INVESTMENT ACTIVITIES Sale of shares 5.5 1.1 11.4 Purchase of fixed assets and intangible assets (32.4) (18.9) (33.4) Purchase of investments in subsidiaries, associates and joint ventures — — (5.0) Dividends received 2.6 17.4 21.9 Interest received — 0.6 0.6 Repayment of loans granted 11.9 3.2 3.2 Loans granted — — (2.8) Grants received — 0.1 1.3 Net cash from investing activities (12.4) 3.5 (2.8) CASH FLOWS FROM FINANCIAL ACTIVITIES Repayment of leasing liabilities (capital part) (8.8) (10.8) (20.4) Inflows from credits/loan taken 82.3 15.3 8.9 Repayment of loans/credits — — (5.0) Inflows from debt factoring 24.2 31.3 61.0 Outflows from debt factoring (27.6) (33.3) (64.9) Redemption of debt securities (7.6) (7.5) (15.0) Dividends paid out (15.3) (19.2) (19.2) Interest paid (6.2) (6.5) (15.2) Other — 0.3 0.5 Net cash from financial activities 41.0 (30.4) (69.3) Net increase / (decrease) in cash and cash equivalents (1.2) 7.8 2.5 Balance sheet change in cash, including: (1.2) 7.9 2.5 Net exchange rate differences — (0.1) — Opening balance of cash 3.6 1.1 1.1 Closing balance of cash 2.4 9.0 3.6 including of limited disposability 4.5 — 0.1
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62 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] Condensed separate statement of changes in equity for the period of 6 months ended 30 June, 2025 Stated capital Supplemen- tary capital Own shares Other reserve capitals, including the incentive scheme Capital from the revalu- ation of the incentive scheme Revaluation of hedging instruments capital Retained profits Total equity capital As at 1 January 2025 15.6 991.3 (12.4) 30.0 2.0 2.0 20.4 1 048.9 Net profit — — — — — — 6.4 6.4 Other net comprehensive income — — — — — (23.1) — (23.1) Total income — — — — — (23.1) 6.4 (16.7) Dividends [1] — (10.0) — — — — (5.3) (15.3) Valuation of incentive scheme — — — — (1.5) — — (1.5) As at 30 June 2025 15.6 981.3 (12.4) 30.0 0.5 (21.1) 21.5 1 015.4 [1] On 11 June, 2025, the Annual General Meeting of Shareholders approved a resolution regarding the dividend allocation, following review and adoption of the Supervisory Board's position on the Amica S.A. Management Board's proposal. The resolution allocates 15.3 million zł for dividend payments, consisting of 5.3 million zł from the 2024 profit and 10.0 million zł from the supplementary capital created from profits of prior years. This results in a dividend payment of 2.00 zł per share. The dividend was paid on 27 June, 2025
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63 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] Stated capital Supplemen- tary capital Own shares Other reserve capitals, including the incentive scheme Capital from the revalu- ation of the incentive scheme Revaluation of hedging instruments capital Retained profits Total equity capital As at 1 January 2024 15.6 1 029.3 (12.4) 30.0 1.3 6.4 0.5 1 070.7 Net profit — — — — — — (2.6) (2.6) Other net comprehensive income — — — — — 0.9 — 0.9 Total income — — — — — 0.9 (2.6) (1.7) Dividends — (19.2) — — — — — (19.2) Transfer of net loss for 2023 — (18.8) — — — — 18.8 — Valuation of incentive scheme — — — — 0.5 — — 0.5 Other changes — 0.1 — — — — (4.2) (4.1) As at 30 June 2024 15.6 991.4 (12.4) 30.0 1.8 7.3 12.5 1,046.2 Stated capital Supplemen- tary capital Own shares Other reserve capitals, including the incentive scheme Capital from the revalu- ation of the incentive scheme Revaluation of hedging instruments capital Retained profits Total equity capital As at 1 January 2024 15.6 1,029.3 (12.4) 30.0 1.3 6.4 0.5 1 070.7 Net loss — — — — — — 5.3 5.3 Other net comprehensive income — — — — — (4.4) — (4.4) Total income — — — — — (4.4) 5.3 0.9 Dividends — (19.2) — — — — — (19.2) Transfer of net loss for 2023 — (18.8) — — — — 18.8 — Valuation of incentive scheme — — — — 0.7 — — 0.7 Other changes — — — — — — (4.2) (4.2) As at 31 December 2024 15.6 991.3 (12.4) 30.0 2.0 2.0 20.4 1,048.9
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64 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] 1. Impairment of assets Impairment loss test As at 30 June 2025, the The Management Board of Amica SA assessed whether the value of investments in subsidiaries, presented in the balance sheet, should be tested for impairment. After assessing the evidence indicating a potential impairment of assets, it was found necessary to conduct impairment tests for the value of shares in Hansa OOO, Electrodomesticos Iberia S.L., Sideme S.A., THE CDA Group Limited oraz Gram Domestic A/S. Due to the cumulative losses sustained by Electrodomesticos Iberia S.L. in previous periods, the Management Board adopted a more conservative approach to estimating the entity's future cash flows for the purpose of calculating the investment's value in use. Consequently, the risk inherent in the company's operations was explicitly incorporated into the discount rate. As a result of the adjustments made, an impairment loss of 12.0 million zł was assumed on the investment. The write-down was made as of 30 June, 2025. The value does not affect the assessment of impairment in terms of consolidated net assets of the investment in Electrodomesticos Iberia S.L. Electrodomesticos Iberia S.L Hansa OOO Sideme S.A. THE CDA Group Limited Gram Domestic A/S 30 June, 2025 31 Decem- ber 2024 30 June, 2025 31 Decem- ber 2024 30 June, 2025 31 Decem- ber 2024 30 June, 2025 31 Decem- ber 2024 30 June, 2025 31 De- cember 2024 [1] Impairment loss yes yes no no no no no no no n/a Book value provided for the test (million zł) 23.4 35.4 19.7 19.4 58.5 58.6 124.9 124.9 14.2 n/a Discount rate (WACC) 9.82% 8.82% 21.76% 21.77% 7.20% 7.20% 8.78% 8.78% 6.59% n/a Growth rate after the forecast period 1% 1% 0% 0% 1% 1% 1% 1% 1% n/a Forecast period 5 years 5 years 5 years 5 years 5 years 5 years 5 years 5 years 5 years n/a [1] No impairment tests were performed for Gram Domestic A/S as at 31 December, 2024.
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65 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] Sensitivity to changes in assumptions As regards the above-mentioned estimate of value in use of assets, management believes that no reasonably possible change in any of the above key assumptions would cause the carrying value of the unit to materially exceed its recoverable amount. The table below presents an analysis of sensitivity to a change of the basic parameters used in the performed impairment tests for the above assets Electrodomesticos Iberia S.L Hansa OOO Sideme S.A. THE CDA Group Limited Gram Domestic A/S 30 June, 2025 31 Decem- ber 2024 30 June, 2025 31 Decem- ber 2024 30 June, 2025 31 Decem- ber 2024 30 June, 2025 31 Decem- ber 2024 30 June, 2025 31 De- cember 2024 [1] Change in the discount rate by +1% / –1% 4.2/(5.1) 5.4/(7.0) n/a 0.1/none none none none none none n/a Change in the value of forecast EBITDA by +5% / –5% (3.0)/3.0 (1.6)/1.6 n/a n/a none none none none none n/a Change in the value of the forecast dividend by +5%/–5% n/a n/a none none /0.2 n/a n/a n/a n/a n/a n/a Change in growth rate after the forecast period by +0.5%/- 0.5% (1.6)/1.7 (2.4)/2.1 n/a missing /n/a none none none none none n/a [1] Positive values indicate an increase in the impairment loss, while negative values indicate a decrease in the impairment loss. None means no impact on the change in the impairment loss. [2] No sensitivity analysis was performed for Gram Domestic A/S as at 31 December, 2024. Key assumptions used to calculate the value in use The calculation of recoverable amount for the aforesaid cash generating units is most sensitive to the following variables: • Future projected cash flows – based on the dividend values that can be paid over a 5-year period, • EBITDA – based on average budgeted values to be achieved over a 5-year period, • Discount rates – Reflects management's assessment of the risks specific to each unit. This is an indicator used by the management to assess the effectiveness of operating (performance) and future investment proposals. Discount rates adopted for impairment tests take into account the effects of taxation, • growth rate after the forecast period – based on management's published estimates, derived from market data.
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66 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] 2. Investments in subsidiaries The amount of investments in subsidiaries as at the balance sheet date and changes in these amounts in the audited period as well as comparative periods are presented below. 30 June, 2025 30 June, 2024 31 December, 2024 Amica International Gmbh 13.3 13.3 13.3 Amica Commerce S.R.O. 5.7 5.7 5.7 Gram Domestic A/S 14.2 14.2 14.2 Hansa OOO 19.4 19.4 19.4 Inteco Business Solutions Sp. z o.o. 1.9 1.9 1.9 Amica Handel i Marketing Sp. z o.o. 0.2 0.2 0.2 Hansa Ukraina OOO 4.4 4.4 4.4 Electrodomesticos Iberia S.L. 23.4 56.8 35.4 Sideme S.A. 58.6 58.5 58.6 THE CDA Group Ltd. 124.9 124.9 124.9 Hansa Central Asia TOO 0.2 0.2 0.2 Nova Panorama Sp. z o.o. 17.0 17.0 17.0 Stadion Poznań sp. z o.o. 16.2 16.2 — Hotel Olympic Sp. z o.o. 5.0 — 5.0 Amica Energia Sp. z o.o. [1] — — — Total 288.2 332.7 300.2 [1] The share of Amica S.A. in Amica Energia Sp. z o.o. amounts to 5,000 zł. Amica Energia Sp. z o.o . was entered into the National Court Register on 10 April, 2024. The Company's core business is the generation of electricity and the distribution of surplus energy to external customers.
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67 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] For the period from 1 January to 30 June, 2025 For the period from 1 January to 30 June, 2024 For the period from 1 January to 31 December, 2024 Amount at the beginning of the period 300.2 299.5 299.5 Sale of the company Stadion Poznań sp. z o.o. — — (16.2) Acquisition of shares in Hotel Olympic Sp. z o.o. — — 5.0 Acquisition of shares in Amica Energia Sp. z o.o.[1] — — — Increase in the share capital of Sideme S.A. — 34.7 34.8 Increase in share capital Electrodomesticos Iberia S.L. — 23.5 23.5 Write-down of the investment in THE CDA Group Ltd. — (25.0) (25.0) Write-down of the investment in Electrodomesticos Iberia S.L. (12.0) — (21.4) Value at the end of the period 288.2 332.7 300.2 [1] The share of Amica S.A. in Amica Energia Sp. z o.o. amounts to 5,000 zł. Amica Energia Sp. z o.o . was entered into the National Court Register on 10 April, 2024. The Company's core business is the generation of electricity and the distribution of surplus energy to external customers.
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68 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] 3. Property, plant and equipment The table below presents a summary of the value of property, plant and equipment in the first half of 2025 and in the comparable period. As at 30 June, 2025 Land Buildings and structures Machinery and equipment Means of transport Other fixed assets Property, plant and equipment in produc- tion Advance payments for property, plant and equipment in produc- tion Total fixed assets Net carrying amount as at 1 January 2025 3.9 203.6 159.5 7.0 49.4 9.4 1.5 434.3 Increases (acquisition, manufacture) — 0.6 7.6 — 2.8 — 0.8 11.8 Decreases (sale, liquidation) (-) — — (0.4) — (2.2) (7.5) — (10.1) Depreciation — (2.9) (5.3) (0.4) (2.7) — — (11.3) Depreciation write-offs for liquidated or sold assets. — — 0.4 — 2.2 — — 2.6 Net carrying amount as at 30 June 2025 3.9 201.3 161.8 6.6 49.5 1.9 2.3 427.3
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69 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] As at 30 June, 2024 Land Buildings and structures Machinery and equipment Means of transport Other fixed assets Property, plant and equipment in produc- tion Advance payments for property, plant and equipment in produc- tion Total fixed assets Net carrying amount as at 1 January 2024 3.9 202.6 159.8 7.6 49.7 5.6 3.3 432.5 Increases (acquisition, manufacture) — 0.5 1.8 0.1 2.1 0.2 4.3 9.0 Decreases (sale, liquidation) (-) — — (0.8) — (0.4) — — (1.2) Depreciation — (2.9) (4.8) (0.4) (2.4) — — (10.5) Depreciation write-offs for liquidated or sold assets. — — 0.8 — 0.4 — — 1.2 Net carrying amount as at 30 June 2024 3.9 200.2 156.8 7.3 49.4 5.8 7.6 431.0 As at 31 December, 2024 Land Buildings and structures Machinery and equipment Means of transport Other fixed assets Property, plant and equipment in produc- tion Advance payments for property, plant and equipment in produc- tion Total fixed assets Net carrying amount as at 1 January 2024 3.9 202.6 159.8 7.6 49.7 5.6 3.3 432.5 Increases (acquisition, manufacture) — 6.7 9.5 0.3 4.6 — — 21.1 Decreases (sale, liquidation) (-) — — (0.9) — (0.7) 3.8 (1.8) 0.4 Depreciation — (5.7) (9.8) (0.9) (4.9) — — (21.3) Depreciation write-offs for liquidated or sold assets. — — 0.9 — 0.7 — — 1.6 Net carrying amount as at 31 December 2024 3.9 203.6 159.5 7.0 49.4 9.4 1.5 434.3
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70 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] 4. Assets due to the right of use and leasing liabilities The table below presents a summary of the value of the right-of-use asset and the lease liability in the first half of 2025 and in the comparable period. Right of use Liabilities from leasing agreementsLand Immovable property Machinery and equipment Means of transport Trademark Total As at 1 January, 2025 6.5 9.7 19.6 2.2 16.0 54.0 42.4 Conclusion of new agreements — 0.4 4.4 0.8 — 5.6 5.6 Depreciation (0.1) (0.8) (5.4) (0.8) (0.8) (7.9) — Lease payments — — — — — — (8.8) Accrued interest — — — — — — 2.2 As at 30 June, 2025 6.4 9.3 18.6 2.2 15.2 51.7 41.4 Right of use Liabilities from leasing agreementsLand Immovable property Machinery and equipment Means of transport Trademark Total As at 1 January, 2024 6.5 9.0 21.0 2.6 17.7 56.8 43.8 Conclusion of new agreements 0.2 2.4 8.3 1.1 — 12.0 11.9 Changes and modifications — (0.3) — — (0.1) (0.4) — Depreciation (0.1) (0.7) (5.8) (0.8) (0.8) (8.2) — Lease payments — — — — — — (10.8) Accrued interest — — — — — — 2.1 As at 30 June, 2024 6.6 10.4 23.5 2.9 16.8 60.2 47.0 Right of use Liabilities from leasing agreementsLand Immovable property Machinery and equipment Means of transport Trademark Total As at 1 January, 2024 6.5 9.0 21.0 2.6 17.7 56.8 43.8 Conclusion of new agreements 0.1 2.4 10.5 1.5 — 14.5 14.5 Changes and modifications — (0.2) — (0.3) — (0.5) — Depreciation (0.1) (1.5) (11.9) (1.6) (1.7) (16.8) — Lease payments — — — — — — (20.4) Accrued interest — — — — — — 4.5 As at 31 December, 2024 6.5 9.7 19.6 2.2 16.0 54.0 42.4
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71 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] 5. Intangible assets The table below presents a summary of intangible assets in the first half of 2025 and in the comparable period. As at 30 June, 2025 Goodwill Trademarks, patents and licenses Computer software Cost of completed develop- ment work Intangible assets being developed Advance payments for intangi- ble assets Total intangible assets Net carrying amount as at 1 January 2025 1.0 17.7 21.2 36.3 20.2 0.2 96.6 Increases (acquisition, manufacture) — — 3.9 — 6.6 3.8 14.3 Decreases (sale, liquidation) (-) — — — — (3.9) (0.1) (4.0) Depreciation — (0.7) (2.4) (1.7) — — (4.8) Net carrying amount as at 30 June 2025 1.0 17.0 22.7 34.6 22.9 3.9 102.1 As at 30 June, 2024 Goodwill Trademarks, patents and licenses Computer software Cost of completed develop- ment work Intangible assets being developed Advance payments for intangi- ble assets Total intangible assets Net carrying amount as at 1 January 2024 5.2 6.8 22.8 16.9 34.7 0.6 87.0 Increases (acquisition, manufacture) — 0.1 0.3 — 3.1 0.7 4.2 Decreases (sale, liquidation) (-) (4.2) — (2.4) (1.1) — — (7.7) Depreciation — (0.7) (2.3) (1.4) — — (4.4) Depreciation write-offs for liquidated or sold assets. — — 2.2 1.0 — — 3.2 Net carrying amount as at 30 June 2024 1.0 6.2 20.6 15.4 37.8 1.3 82.3
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72 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] As at 31 December, 2024 Goodwill Trademarks, patents and licenses Computer software Cost of completed develop- ment work Intangible assets being developed Advance payments for intangi- ble assets Total intangible assets Net carrying amount as at 1 January 2024 5.2 6.8 22.8 16.9 34.7 0.6 87.0 Increases (acquisition, manufacture) — 12.3 3.2 22.3 — — 37.8 Decreases (sale, liquidation) (-) (4.2) (0.1) (3.1) (5.4) (14.5) (0.4) (27.7) Depreciation — (1.4) (4.4) (2.8) — — (8.6) Depreciation write-offs for liquidated or sold assets. — 0.1 2.7 5.3 — — 8.1 Net carrying amount as at 31 December 2024 1.0 17.7 21.2 36.3 20.2 0.2 96.6
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73 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] 6. Financial assets 30 June, 2025 30 June, 2024 31 December, 2024 Loans granted 35.2 19.9 48.2 Receivables from the payment of dividends 11.8 3.0 0.6 Financial sureties 0.7 1.3 0.8 Receivables related to the sale of Stadion Poznań Sp. z o.o. 22.8 — 21.7 Other financial assets — 1.5 — Total 70.5 25.7 71.3 – current 17.5 17.3 19.4 – long-term 53.0 8.4 51.9 7. Deferred income tax assets As at 30 June, 2025, the Company did not record any significant changes in the amount of the income tax asset. The Company's greatest asset in terms of value is still an income tax asset related to operations in the Special Economic Zone. As at 31 December, 2024, the parent company had a deferred income tax asset related to operations in the Special Economic Zone in the amount of 10.2 million zł. During the first half of 2025, the Parent Company did not use the asset. The balance of the deferred asset from the income tax discount on operations in the Special Economic Zone as at the end of 30 June, 2025 amounted to 10.2 million zł.
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74 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] 8. Inventory 30 June, 2025 30 June, 2024 31 December, 2024 Materials: At the purchase price / cost of manufacture 61.5 66.9 63.7 According to recoverable net value 59.5 64.5 61.4 Work in progress (at the cost of manufacture) 9.3 8.6 9.4 Finished goods: At the purchase price / cost of manufacture 62.7 74.6 45.9 According to recoverable net value 59.6 70.3 41.8 Goods: At the purchase price / cost of manufacture 176.7 168.7 133.3 According to recoverable net value 174.7 165.8 130.4 Spare parts 8.7 8.7 8.4 Total inventories 311.8 317.9 251.4 As at 30 June, 2025, the Company had in its books inventory revaluation write-downs to recoverable net value of 7.1 million zł (9.6 million zł in the first quarter of 2024, and 9.3 million zł as at 31 December 2024). Revaluation of inventory related to materials, finished products and goods and resulted from the application of the policy of creating inventory write-downs due to the their flow turnover ratios. In the first half of 2025, the value of the impairment loss on inventories decreased by 2.2 million zł compared to 31 December 2024.
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75 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] 9. Receivables from deliveries and services and other receivables 30 June, 2025 30 June, 2024 31 December, 2024 Receivables from provision of deliveries and services 271.6 253.5 244.1 Other receivables from third parties [1] 12.3 7.8 17.8 Total receivables (net) 283.9 261.3 261.9 Allowance for uncollectible accounts 2.8 3.4 2.8 Gross receivables 286.7 264.7 264.7 [1] Including 8.6 million zł of receivables related to the sale of the subsidiary Nowe Centrum Sp. z o.o. (7.7 million zł in comparative period) and 3.5 million related to the sale of the subsidiary Stadion Sp. z o.o. (none in the comparative period). As at 30 June, 2025, the Company recognised an impairment loss on receivables in the amount of 2.8 million zł. Compared to 31 December, 2024, the amount of the impairment did not change.
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76 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] 10. Provisions As at the balance sheet date, the Management Board of the Company verified the assumptions made regarding the estimates of provisions. There was no need to change the assumptions adopted as at 30 June, 2025. Non-current provisions For the period from 1 January to 30 June, 2025 Provisions for warranty repairs Provisions for salaries and annual leave Provisions for retirement and disability benefits Other Provisions Opening balance 6.9 — 3.2 — Closing balance 6.9 — 3.2 — Current provisions For the period from 1 January to 30 June, 2025 Provisions for warranty repairs Provisions for salaries and annual leave Provisions for retirement and disability benefits Other Provisions Opening balance 17.3 3.9 0.4 2.3 Increase in provisions 4.2 — — — dissolution of provisions — (0.3) — — Use of provisions (4.2) — — (2.0) Closing balance 17.3 3.6 0.4 2.3
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77 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] Non-current provisions For the period from 1 January to 30 June, 2024 Provisions for warranty repairs Provisions for salaries and annual leave Provisions for retirement and disability benefits Other Provisions Opening balance 7.0 — 3.1 — Other changes (0.1) — — — Closing balance 6.9 — 3.1 — Non-current provisions For the period from 1 January to 31 December, 2024 Provisions for warranty repairs Provisions for salaries and annual leave Provisions for retirement and disability benefits Other Provisions Opening balance 7.0 — 3.1 — Increase in provisions — — 0.1 — Use of provisions (0.1) — — — Closing balance 6.9 — 3.2 — Current provisions For the period from 1 January to 30 June, 2024 Provisions for warranty repairs Provisions for salaries and annual leave Provisions for retirement and disability benefits Other Provisions Opening balance 19.2 7.3 0.3 0.3 Increase in provisions 5.3 7.4 — — dissolution of provisions (0.3) (1.4) — — Use of provisions (5.3) (7.2) — — Closing balance 18.9 6.1 0.3 0.3 Current provisions For the period from 1 January to 31 December, 2024 Provisions for warranty repairs Provisions for salaries and annual leave Provisions for retirement and disability benefits Other Provisions Opening balance 19.2 7.3 0.3 0.3 Increase in provisions 10.6 5.7 0.2 2.0 dissolution of provisions (1.9) (1.8) — — Use of provisions (10.6) (7.3) (0.1) — Closing balance 17.3 3.9 0.4 2.3
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78 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] 11. Loans, borrowings and other debt instruments Short-term 30 June, 2025 30 June, 2024 31 December, 2024 Liabilities from leasing agreements 12.6 13.5 12.6 Liabilities due to debt factoring 5.9 11.2 9.2 Current account overdraft 153.6 79.4 70.8 Bonds 25.3 15.4 15.4 Loans 2.5 9.9 2.7 Other 0.6 0.1 0.8 Total 200.5 129.5 111.5 Long-term 30 June, 2025 30 June, 2024 31 December, 2024 Liabilities from leasing agreements 28.8 33.5 29.8 Bonds 17.5 42.5 35.0 Loans 3.7 0.6 4.0 Other — 0.4 — Total 50.0 77.0 68.8
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79 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] 12. Liabilities from deliveries and services and other liabilities 30 June, 2025 30 June, 2024 31 December, 2024 Liabilities from deliveries and services Towards subsidiaries and affiliates 4.4 6.5 17.5 Towards other entities 205.5 216.6 176.2 Total 209.9 223.1 193.7 Other liabilities Liabilities due to employees from the remuneration 13.1 14.0 11.6 Liabilities from income tax 2.2 2.9 4.7 Other liabilities [1] 23.0 20.9 27.0 Total 38.3 37.8 43.3 Total 248.2 260.9 237.0 [1] Under other liabilities, the company includes liabilities arising from value added tax and liabilities arising from the company’s social benefits fund. As at 30 June, 2025, the amount of 10.3 million zł and 2.5 million zł, respectively (as at 30 June, 2024, 8.1 million zł and 2.7 million zł, respectively, and as at 31 December, 2024, 15.1 million zł, respectively). 13. Sureties and guarantees As at 30 June, 2025, Amica S.A. issued guarantees and sureties granted as security for credit liabilities for its subsidiaries in the amount of 115.8 million zł. Remuneration for granted guarantees is settled on an arm's length basis
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80 | Amica Spółka Akcyjna | SEMI-ANNUAL REPORT Condensed interim separate financial statements of Amica Spółka Akcyjna for the period of 6 months ended on 30 June, 2025 [million zł] 14. Earnings per share The table below presents data on profit and shares that were used to calculate the profit per share: The Company runs an incentive scheme for members of the Management Board and senior management. Under this scheme, shares are allocated in accordance with IFRS 2, which are considered potentially ordinary shares. They were taken into account when determining diluted earnings per share, provided that their nature is dilutive. These shares were not included in the determination of basic earnings per share. For the period of 6 months ended 30 June, 2025 For the period of 6 months ended 30 June, 2024 Number of ordinary shares issued (pcs) 7,775,273 7,775,273 Own shares (pcs.) 103,829 103,829 Number of shares after dilution adjustment (pcs) 7,671,444 7,671,444 Net profit (loss) 6.4 (2.6) Basic earnings per share (PLN) 0.83 (0.34) Diluted earnings per share (PLN) 0.83 (0.34) 15. Events after the balance sheet date The Extraordinary General Meeting of Shareholders of Sideme S.A. resolved to increase the share capital of Sideme S.A. by EUR 1,999,995 from EUR 750,000 to EUR 2,749,995 by issuing 133,333 new ordinary shares of EUR 15 each. The new shares will have the same rights as the existing ones, and the right to dividends will apply from the current year, in proportion to the period of holding. The ordinary shares will be paid for in cash on 1 July, 2025.
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81 | AMICA Capital Group | SEMI-ANNUAL REPORT Condensed interim consolidated financial statements of the Amica Capital Group for the period of 6 months ended on 30 June, 2025 [million zł] Approval for publication Signatures of all Members of the Board ROBERT STOBIŃSKI President of the Management Board MICHAŁ RAKOWSKI Vice President of the Management Board PAWEŁ DOMINIK BIEL Vice President of the Management Board MAJA RUTKOWSKA Vice-President of the Management Board Approved 18 September, 2025 Publication 19 September, 2025 This Extended Consolidated Quarterly Financial Statements for the period from 1 January 2025 to 30 June 2025 (including comparative data) were approved for publication by the Management Board of Amica S.A. on 18 September 2025.