ANNUAL REPORT 2021

Annual report 2021 Železiarne Podbrezová a.s. 26 Year ended 31 Dec 2021 Year ended 31 Dec 2020 Sales of own products and merchandise 308 964 191 101 Sales of services 1 195 5 312 Changes in inventories of finished products and work in progress 7 639 1 785 Own work capitalised 7 688 6 570 Raw materials and consumables used (222 409) (126 575) Services (20 748) (21 117) Personnel expenses (73 297) (65 652) Depreciation and amortisation (9 135) (7 950) Other operating revenues 5 923 12 123 Other operating expenses (3 776) (3 541) Interest income 55 149 Interest expense (840) (619) Other financial income 3 218 5 219 Other financial expenses (364) (1 251) Profit/(loss) before tax 4 113 (4 443) Income tax expense 1 546 1 432 PROFIT/(LOSS) FOR THE YEAR 5 659 (3 011) Other comprehensive income and losses that may be reclassified subsequently to profit or loss - - Other comprehensive income and losses after tax - - Total profit/(loss) for the year 5 659 (3 011) Information from the Separate Statement of Comprehensive income for the year ended 31 December 2021 (in EUR ’000) REPORT BY THE BOARD OF DIRECTORS ON BUSINESS ACTIVITIES, ASSETS AND FINANCIAL PERFORMANCE IN 2021 AND INFORMATION ON THE BUSINESS PLAN