ANNUAL REPORT 2021

Annual report 2021 Železiarne Podbrezová a.s. 4 5 Separate Statement of Comprehensive Income For the year ended 31 December 2021 (in euros) Note Year ended 31 December 2021 Year ended 31 December 2020 Sales of own products and merchandise 19 308 964 236 191 101 403 Sales of services 19 1 194 976 5 312 413 Changes in inventories of finished products and work in progress 7 638 578 1 784 599 Own work capitalised 20 7 687 643 6 570 156 Raw materials and consumables used 21 (222 408 915) (126 574 818) Services (20 747 664) (21 116 658) Personnel expenses 22 (73 297 079) (65 651 635) Depreciation and amortisation (9 135 338) (7 949 626) Other operating revenues 23 5 922 805 12 123 129 Other operating expenses 23 (3 776 244) (3 541 048) Interest income 24 54 930 149 180 Interest expense 25 (839 650) (618 533) Other financial income 26 3 217 971 5 219 097 Other financial expenses 26 (363 559) (1 250 659) Profit/(loss) before tax 4 112 690 (4 443 000) Income tax expense 27 1 546 333 1 432 489 PROFIT/(LOSS) FOR THE YEAR 5 659 023 (3 010 511) 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 5 659 023 (3 010 511) Separate Statement of Changes in Equity For the year ended 31 December 2021 (in euros) Share capital Legal reserve fund Retained earnings Total Opening balance at 1 January 2020 81 060 590 16 212 118 113 760 903 211 033 611 Dividends paid - - (2 384 135) (2 384 135) Total comprehensive income/(loss) for the year - - (3 010 511) (3 010 511) Closing balance at 31 December 2020 81 060 590 16 212 118 108 366 257 205 638 965 Dividends paid - - - - Total comprehensive income/(loss) for the year - - 5 659 023 5 659 023 Closing balance at 31 December 2021 81 060 590 16 212 118 114 025 280 211 297 988 5 Separate Statement of Comprehensive Income For the year ended 31 December 2021 (in euros) Note Year ended 31 December 2021 Year ended 31 December 2020 Sales of own products and merchandise 19 308 964 236 191 101 403 Sales of services 19 1 194 976 5 312 413 Changes in inventories of finished products and work in progress 7 638 578 1 784 599 Own work capitalised 20 7 687 643 6 570 156 Raw materials and consumables used 21 (222 408 915) (126 574 818) Services (20 747 664) (21 116 658) Personnel expenses 22 (73 297 079) (65 651 635) Depreciation and amortisation (9 135 338) (7 949 626) Other operating revenues 23 5 922 805 12 123 129 Other operating expenses 23 (3 776 244) (3 541 048) Interest income 24 54 930 149 180 Interest expense 25 (839 650) (618 533) Other financial income 26 3 217 971 5 219 097 Other financial expenses 26 (363 559) (1 250 659) Profit/(loss) before tax 4 112 690 (4 443 000) Income tax expense 27 1 546 333 1 432 489 PROFIT/(LOSS) FOR THE YEAR 5 659 023 (3 010 511) 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 5 659 023 (3 010 511) Separate Statement of Changes in Equity Fo the year ended 31 December 20 1 (in euros) Share capital Legal reserve fund Retained earnings Total Opening balance at 1 January 2020 81 060 590 16 212 118 113 760 903 211 033 611 Dividends paid - - (2 384 135) (2 384 135) Total compreh nsive income/(loss) for the year - - (3 10 511) (3 010 511) Closing balance at 31 December 2020 81 060 590 16 212 118 108 366 257 205 638 965 Dividends paid - - - - Total comprehensive income/(loss) for the year - - 5 659 023 5 659 023 Closing balance at 31 December 2021 81 060 590 16 212 118 114 025 280 211 297 988 SEPARATE STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 (IN EUROS) SEPARATE STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2021 (IN EUROS)