HELLENiQ ENERGY S A : 3m Group & Parent

As at

Note

31 March 2024

31 December 2023

Αssets

Non-current assets

Property, plant and equipment

10

3,643,111

3,643,045

Right-of-use assets

11

231,605

232,189

Intangible assets

12

390,235

333,692

Investments in associates and joint ventures

7

401,663

404,743

Deferred income tax assets

99,356

95,546

Investment in equity instruments

3

471

514

Derivative financial instruments

-

746

Loans, advances and long term assets

13

60,256

57,771

4,826,697

4,768,246

Current assets

Inventories

14

1,706,128

1,472,536

Trade and other receivables

15

909,275

880,986

Income tax receivable

66,709

66,148

Derivative financial instruments

2,194

930

Cash and cash equivalents

16

479,302

919,457

3,163,608

3,340,057

Total assets

7,990,305

8,108,303

Equity

Share capital and share premium

17

1,020,081

1,020,081

Reserves

18

304,293

291,010

Retained Earnings

1,746,439

1,568,384

Equity attributable to the owners of the parent

3,070,813

2,879,475

Non-controlling interests

66,991

66,916

Total equity

3,137,804

2,946,391

Liabilities

Non- current liabilities

Interest bearing loans and borrowings

19

1,153,836

1,388,010

Lease liabilities

183,393

182,335

Deferred income tax liabilities

176,434

174,063

Retirement benefit obligations

177,265

176,305

Derivative financial instruments

2,566

1,541

Provisions

33,815

33,835

Other non-current liabilities

34,975

25,348

1,762,284

1,981,437

Current liabilities

Trade and other payables

20

1,745,561

1,598,726

Derivative financial instruments

-

13,333

Income tax payable

236,674

285,570

Interest bearing loans and borrowings

19

1,075,518

1,158,495

Lease liabilities

30,760

32,220

Dividends payable

25

1,704

92,131

3,090,217

3,180,475

Total liabilities

4,852,501

5,161,912

Total equity and liabilities

7,990,305

8,108,303

As at

Note

31 March 2024

31 December 2023

Assets

Non-current assets

Property, plant and equipment

668

673

Right-of-use assets

11

8,870

9,155

Intangible assets

48

63

Investments in subsidiaries, associates and joint ventures

7

1,837,615

1,785,115

Deferred income tax assets

8,454

8,416

Loans, advances and long term assets

13

59,045

242,249

1,914,700

2,045,671

Current assets

Trade and other receivables

15

207,774

26,101

Income tax receivables

2,625

2,625

Cash and cash equivalents

6,016

150,528

216,415

179,254

Total assets

2,131,115

2,224,925

Equity

Share capital and share premium

17

1,020,081

1,020,081

Reserves

18

292,638

292,638

Retained Earnings

786,825

784,155

Total equity

2,099,544

2,096,874

Liabilities

Non-current liabilities

Lease liabilities

6,591

6,973

6,591

6,973

Current liabilities

Trade and other payables

19,600

24,597

Income tax payable

1,128

1,928

Lease liabilities

2,546

2,422

Dividends payable

25

1,706

92,131

24,980

121,078

Total liabilities

31,571

128,051

Total equity and liabilities

2,131,115

2,224,925

For the period ended

Note

31 March

31 March

2024

2023

Revenue from contracts with customers

4

3,278,481

3,113,343

Cost of sales

(2,869,817)

(2,778,127)

Gross profit / (loss)

408,664

335,216

Selling and distribution expenses

(100,756)

(93,808)

Administrative expenses

(43,784)

(40,483)

Exploration and development expenses

(1,387)

(4,244)

Other operating income and other gains

5

8,504

7,403

Other operating expense and other losses

5

(3,436)

(2,551)

Operating profit / (loss)

267,805

201,533

Finance income

3,439

1,326

Finance expense

(33,444)

(32,124)

Lease finance cost

(2,436)

(2,325)

Currency exchange gains / (losses)

6

5,824

558

Share of profit / (loss) of investments in associates and joint ventures

7

(3,650)

31,289

Profit / (loss) before income tax

237,538

200,257

Income tax (expense) / credit

8

(58,270)

(44,491)

Profit / (loss) for the period

179,268

155,766

Profit / (loss) attributable to:

Owners of the parent

179,172

155,276

Non-controlling interests

96

490

179,268

155,766

Other comprehensive income / (loss):

Other comprehensive income / (loss) that will not be reclassified to profit or loss (net of tax):

Changes in the fair value of equity instruments

18

(34)

-

(34)

-

Other comprehensive income / (loss) that may be reclassified subsequently to profit or loss (net of

tax):

Share of other comprehensive income / (loss) of associates

18

570

(1,117)

Fair value gains / (losses) on cash flow hedges

18

12,709

(921)

Currency translation differences and other movements

18

17

(782)

13,296

(2,820)

Other comprehensive income / (loss) for the period, net of tax

13,262

(2,820)

Total comprehensive income / (loss) for the period

192,530

152,946

Total comprehensive income / (loss) attributable to:

Owners of the parent

192,455

152,572

Non-controlling interests

75

374

192,530

152,946

Εarnings / (losses) per share (expressed in Euro per share)

9

0.59

0.51

For the period ended

Note

31 March 2024

31 March 2023

Revenue from contracts with customers

8,660

7,457

Cost of sales

(7,873)

(6,779)

Gross profit / (loss)

787

678

Administrative expenses

(1,443)

(3,275)

Other operating income and other gains

5

4,664

3,686

Other operating expense and other losses

5

(4,547)

(2,820)

Operating profit /(loss)

(539)

(1,731)

Finance income

4,060

4,584

Finance expense

(4)

(3)

Lease finance cost

(84)

(93)

Dividend income

25

-

126,081

Currency exchange gain / (loss)

(2)

-

Profit / (loss) before income tax

3,431

128,838

Income tax (expense) / credit

8

(761)

(1,236)

Profit / (loss) for the period

2,670

127,602

Other comprehensive income / (loss) for the year, net of tax

-

-

Total comprehensive income / (loss) for the period

2,670

127,602

Attributable to owners of the Parent

Share

Capital &

Non-

Share

Retained

controlling

Total

Note

premium

Reserves

Earnings

Total

Interest

Equity

Balance at 1 January 2023

1,020,081

297,713

1,341,908

2,659,702

67,699

2,727,401

Other comprehensive income / (loss)

-

(2,704)

-

(2,704)

(116)

(2,820)

Profit / (loss) for the period

-

-

155,276

155,276

490

155,766

Total comprehensive income / (loss) for the period

-

(2,704)

155,276

152,572

374

152,946

Other equity movements

-

-

(3,565)

(3,565)

-

(3,565)

As at 31 March 2023

1,020,081

295,009

1,493,619

2,808,709

68,073

2,876,782

Balance at 1 January 2024

1,020,081

291,010

1,568,384

2,879,475

66,916

2,946,391

Other comprehensive income / (loss)

-

13,283

-

13,283

(21)

13,262

Profit / (loss) for the period

-

-

179,172

179,172

96

179,268

Total comprehensive income / (loss) for the period

-

13,283

179,172

192,455

75

192,530

Other equity movements

-

-

(1,117)

(1,117)

-

(1,117)

As at 31 March 2024

1,020,081

304,293

1,746,439

3,070,813

66,991

3,137,804

Share

Capital & Share

Retained

Note

premium

Reserves

Earnings

Total

Balance at 1 January 2023

1,020,081

281,104

765,156

2,066,341

Profit / (loss) for the period

-

-

127,602

127,602

Total comprehensive income / (loss) for the period

-

-

127,602

127,602

As at 31 March 2023

1,020,081

281,104

892,758

2,193,943

Balance at 1 January 2024

1,020,081

292,638

784,155

2,096,874

Profit / (loss) for the period

-

-

2,670

2,670

Total comprehensive income / (loss) for the period

-

-

2,670

2,670

As at 31 March 2024

1,020,081

292,638

786,825

2,099,544

For the period ended

Note

31 March 2024

31 March 2023

Cash flows from operating activities

Cash generated from operations

21

197,298

615,161

Income tax (paid) / received

(114,148)

(2,365)

Net cash generated from/ (used in) operating activities

83,150

612,796

Cash flows from investing activities

Purchase of property, plant and equipment & intangible assets

10,12

(93,124)

(45,617)

Proceeds from disposal of property, plant and equipment & intangible

assets

326

97

Acquisition of share of associates and joint ventures

1

(1)

Cash and cash equivalents of acquired subsidiaries

1,639

-

Grants received

10,000

1

Interest received

3,439

1,326

Prepayments for right-of-use assets

-

(27)

Dividends received

-

31,715

Net cash generated from/ (used in) investing activities

(77,719)

(12,507)

Cash flows from financing activities

Interest paid on borrowings

(27,595)

(26,484)

Dividends paid to shareholders of the Company

25

(90,425)

(75,779)

Proceeds from borrowings

19

205,000

435,211

Repayments of borrowings

19

(525,397)

(855,611)

Payment of lease liabilities - principal

(10,634)

(9,192)

Payment of lease liabilities - interest

(2,436)

(2,325)

Net cash generated from/ (used in) financing activities

(451,487)

(534,180)

Net increase/ (decrease) in cash and cash equivalents

(446,056)

66,109

Cash and cash equivalents at the beginning of the year

16

919,457

1,052,618

Exchange (losses) / gains on cash and cash equivalents

5,901

(278)

Net increase / (decrease) in cash and cash equivalents

(446,056)

66,109

Cash and cash equivalents at end of the period

16

479,302

1,118,449