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Current reports

Disclosure of delayed confidential information concerning complaints about devices on a foreign market

Nr 11/2026
Date and time: 2026/02/27, 17:29
Category: Others

The Management Board of Apator S.A. (the ‘Issuer’) hereby announces that on 27 February 2026 it decided to disclose confidential information, the disclosure of which was delayed on 10 February 2026 pursuant to Article 17 sec. 4 of MAR.

Content of confidential information:

The Management Board of Apator SA announces that the Issuer's subsidiary (‘Subsidiary’) has received a complaint from a foreign customer (‘Customer’) in connection with equipment from the Electricity Segment delivered in 2021-2025 on the basis of framework cooperation agreements. The complaint concerns one type of equipment that was specially designed and offered exclusively on this market. The Issuer has not identified any similar risk in relation to equipment supplied to other markets, including the Polish market.

As a result of negotiations, on 27 February 2026, a settlement was reached with the Customer, according to which it was agreed that the equipment would be replaced with new equipment and the costs of replacement would be covered, which, according to the schedule, would be incurred successively on the basis of evidence presented by the Customer confirming the fact and cost of replacement.

The settlement fully satisfies the Customer's claims and ends the dispute between the parties. The Issuer also informs that it has an insurance policy for the companies of the Apator Group covering civil liability for the delivered equipment.

In connection with the above, the impact of this one-off event on the separate and consolidated financial results, to the best of the Issuer's knowledge, should not exceed approximately PLN 20.8 million (assuming the use of funds from the insurance policy), which will be reflected in the results for the fourth quarter and the entire 2025 in the form of provisions established at the cost of sales.

The fulfilment of obligations under the settlement agreement will not affect the timeliness and ability of the Issuer's Group to service other orders already received and expected.

Due to the legitimate interests of the Apator Group companies and the interests of the Customer, the Issuer does not disclose the name of the customer or indicate the market in question.

Reason for the delay:

The Issuer hereby announces that on 10 February 2026, after obtaining a legal opinion on the possible validity of the above claims and their potential impact on the Subsidiary's liability under the law of that foreign market, it decided to identify the information as confidential and delay its disclosure, as at that stage the information was not yet final and unambiguous, in particular:

  • the amount of the claim had not been determined or proven by the Customer,
  • the parties exchanged settlement proposals and analysed possible options for resolving the dispute,
  • the impact of the event on the Issuer's financial results was difficult to estimate at that stage in terms of scale, as it depended directly on the outcome of the negotiations.

In the Issuer's opinion, the delay in disclosing this information did not mislead the market, while at the same time, in view of the factors indicated above, immediate disclosure of this information could:

  • seriously harm the interests of the Issuer and its capital group, in particular by weakening its negotiating position,
  • lead to an escalation of claims, a hardening of the Client's position or a breakdown in settlement talks,
  • cause economic damage, including negatively affecting the Issuer's commercial relations,
  • lead to misinterpretation by market participants, in particular to the adoption of extremely unfavourable assumptions as to the final outcome of the case.

The issuer assessed that protecting the proper course of negotiations aimed at concluding a settlement agreement, and consequently also minimising the risk of economic damage, constitutes a legitimate interest within the meaning of Article 17 sec. 4 of MAR.
The issuer ensured the confidentiality of information throughout the entire period of the delay.

 

Legal basis:
Article 17 sec. 1 and Article 17 sec. 4 of Regulation (EU) No 596/2014 of the European Parliament and of the Council (‘MAR’).

CONTACT ON INVESTOR RELATIONS

Contact for institutional investors and analysts

cc group - Katarzyna Mucha

Mobile +48 697 613 712

katarzyna.mucha@ccgroup.pl

IR Manager

Justyna Rowińska

Mobile +48 56 61 91 380

ri@apator.com

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