Current reports

The Management Board of Apator SA hereby attaches the notice convening an Extraordinary General Meeting of Shareholders of Apator SA to be held on 29 October 2025 at 10:00, together with the agenda.

Legal basis: Section 20(1)(1) of the Regulation of the Minister of Finance of 6 June 2025 on current and periodic information disclosed by issuers of securities and the conditions for recognising as equivalent information required by the laws of a non-member state.

The Management Board of Apator S.A. announces that its subsidiary, Apator Metrix S.A., with its registered office in Tczew ("the Company”) today received a decision dated 25 September 2025 regarding the initiation by the President of the Office of Competition and Consumer Protection of antitrust proceedings against the Company in connection with the suspicion of an agreement within the meaning of Article 4(5) of the Act on Competition and Consumer Protection ("the Act") and an agreement or concerted practice within the meaning of Article 101(1) of the Treaty on the Functioning of the EU, consisting of:

• market sharing in relation to bellows gas meters, which may constitute a breach of Article 6(1)(3) of the Act and Article 101(1)(c) of the Treaty on the Functioning of the EU (“the Treaty”),
• agreeing the terms of bids submitted in tenders for the supply of diaphragm gas meters organised by Polska Spółka Gazownictwa sp. z o.o. with its registered office in Tarnów, which may constitute a breach of Article 6(1)(7) of the Act.

The proceedings concern public tenders organised between 2014 and 2021. Pursuant to Article 106(1)(1) and (2) of the Act, the President of the Office of Competition and Consumer Protection (UOKiK) may, by way of a decision, impose on an undertaking a financial penalty of up to 10% of the turnover achieved in the financial year preceding the year in which the penalty is imposed, if that undertaking, even unintentionally, has infringed the prohibition set out in Article 6 of the Act or has infringed Article 101 of the Treaty. At the same time, pursuant to Article 106(3a) of the Act, when calculating turnover, the President of the Office for Competition and Consumer Protection (UOKIK) shall also take into account the turnover achieved by the undertaking or undertakings exercising a decisive influence over the undertaking which has committed a breach of the prohibition set out in Article 6 of the Act or Article 101 of the Treaty. Pursuant to Article 111(1) of the Act, when determining the amount of the financial penalty, account shall be taken, inter alia, of the duration, gravity and market effects of the infringement of the provisions of the Act, the circumstances of the infringement and any previous infringements of the provisions of the Act.

The Company will mount a substantive defence during the proceedings. As at the date of publication of this report, the Management Board of the Company and the Management Board of Apator S.A. do not possess sufficient information to enable them to assess the outcome of the proceedings or the potential impact of these proceedings on the financial results of the Company or Apator S.A.

With reference to Report No. 37/2025, the Management Board of Apator S.A. announces that on 29 September 2025 the Company entered into an agreement with Energa-Operator SA (“EOP”) for the “Gradual supply of remote-reading meters together with fallback communication modems”.

The total value of the contract is PLN 127 million, of which the value of the main contract is PLN 123.5 million. Deliveries will be made within 36 months of the date of conclusion of the contract.

In accordance with the provisions of the contract, EOP is entitled to impose contractual penalties, in particular for delays in the delivery of batches of equipment or for failure to rectify defects within the warranty period. However, the terms of the contract, including provisions regarding penalties, obligations and warranties, do not differ from the standard terms previously applied in this type of contract with EOP.

The Management Board of Apator S.A. hereby announces that it has received notifications pursuant to Article 19(1) of the MAR Regulation from members of the Supervisory Board – Janusz Marzygliński and Tadeusz Sosgórnik – and a person closely associated with him, namely Stella AMP Family Foundation (in the process of being established). The notifications relate to transactions in registered and bearer shares of Apator S.A. carried out between 11 September 2025 and 15 September 2025.

Attached is the full text of the notifications:

• from Janusz Marzygliński regarding the sale of 10,000 registered shares of Apator S.A.,
• from Tadeusz Sosgórnik regarding the sale of 28,000 bearer shares in Apator S.A.,
• from Stella AMP Family Foundation (in the process of being established) regarding the acquisition of 10,000 registered shares and 6,000 bearer shares in Apator S.A.

The Management Board of Apator S.A. announces that it has decided to wind up FAP PAFAL S.A., a company based in Świdnica, and therefore recommends that the general meeting of shareholders of Apator S.A. repeal the resolution on the merger of Apator S.A. with FAP PAFAL S.A.

This decision was taken in view of the current business situation of FAP PAFAL S.A., including the loss of revenue streams, resulting in a lack of market prospects enabling further development and covering the costs of its operations. Following detailed analyses, the Management Board concluded that the liquidation of this company is a more rational and commercially justified solution than the planned merger with Apator S.A. This solution will allow for cost optimisation and a focus on other projects within the Apator Group. Revenue generated by FAP PAFAL S.A. accounted for less than 2% of the Apator Group’s revenue in 2024.

On 16 September 2025, the Supervisory Board issued a favourable opinion on the Management Board’s recommendation.

In view of the above, the Management Board plans to convene an Extraordinary General Meeting of shareholders of Apator S.A. in October 2025.

The Management Board of Apator SA (the “Issuer”) hereby announces that, acting within the scope of the authorisation granted by Resolution No. 36/VI/2025 of the General Meeting of Shareholders of Apator SA held on 25 June 2025, the Issuer, during trading sessions on the main market of the Warsaw Stock Exchange between 4 and 11 September 2025, acquired:

• on 4 September 2025, 5,687 own shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 21.89 per share, in transactions representing a total of 0.1742% of the share capital and 0.0104% of the votes at the general meeting of shareholders,
• on 5 September 2025, 4,891 own shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 21.72 per share, in transactions representing a total of 0.1498% of the share capital and 0.00895% of the votes at the general meeting of shareholders,
• on 8 September 2025, 1,091 treasury shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 22 per share, in transactions representing a total of 0.0334% of the share capital and 0.0020% of the votes at the general meeting of shareholders,
• on 9 September 2025, 500 own shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 22 per share, in transactions representing a total of 0.0153% of the share capital and 0.0009% of the votes at the general meeting of shareholders,
• on 10 September 2025, 2,941 own shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 22 per share, in transactions representing a total of 0.09% of the share capital and 0.0054% of the votes at the general meeting of shareholders,
• on 11 September 2025, 2,146 own shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 21.98 per share, in transactions representing a total of 0.0657% of the share capital and 0.0039% of the votes at the general meeting of shareholders,

On 12 September and 15 September 2025, the Issuer did not carry out any transactions.

The transactions were executed through Erste Securities Polska SA.

As a result of the above transactions, the Issuer acquired 17,256 own shares, representing 0.5286% of the share capital and conferring the right to 17,256 votes at the general meeting of shareholders of the Company, which constitutes 0.0316% of the total number of votes.

Attached, the Issuer provides a list of detailed data on the transactions involving the purchase of own shares carried out between 4 and 11 September 2025.

Specific legal basis:
Article 2(3) of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards concerning the application of the conditions to buy-back programmes and stabilisation measures.

The Management Board of Apator SA hereby announces that on 15 September 2025, the District Court in Toruń, 7th Commercial Division of the National Court Register, registered amendments to the Articles of Association of Apator SA.

The amendments to the Articles of Association were made pursuant to Resolution No. 32/VI/2025 of the Ordinary General Meeting of Shareholders of Apator SA of 25 June 2025 and relate to changes in the scope of business activities (PKD), resulting from alignment with the new Regulation of the Council of Ministers of 18 December 2024 on the Polish Classification of Activities (PKD). The remaining registered amendments to the Articles of Association are of an administrative nature.

The Issuer hereby submits the following:

• the text of the new provisions of the Articles of Association,
• the consolidated text of the Articles of Association adopted by Resolution No. 33/VI/2025 of the Ordinary General Meeting of Shareholders of Apator SA of 25 June 2025.

The Management Board of Apator SA announces that its subsidiary, Apator Powogaz SA, has entered into a framework agreement for the supply of ultrasonic water meters with remote data reading capability within the city of Riga (Latvia). The maximum value of the contract is EUR 4.7 million, i.e. approx. PLN 20 million (based on the average exchange rate of the National Bank of Poland of EUR 1 = PLN 4.26 as at 3 September 2025). The contract term is a maximum of 5 years, with the possibility of shortening the supply period should the contract value be exhausted.

The contract was concluded with SIA “Rigas namu parvaldnieks” (“SIA”) – one of the largest Latvian property management companies in the Baltic States.

Under the terms of the contract, SIA is not obliged to place an order for the entire subject matter of the contract, but may purchase additional water meters not covered by the contract, the value of which shall not exceed 20% of the contract value. The contract will be performed in accordance with Latvian law and includes provisions regarding contractual penalties for late deliveries, whilst the warranty period is 6 years.

The contract has been classified as confidential information due to its significant value for the Water and Heat Segment, which offers the opportunity for long-term cooperation with a foreign partner, thereby opening up a new sales channel. At the same time, it creates the opportunity to obtain valuable references that may support further sales policy initiatives.

Further to Current Report No. 40/2025 of 3 September 2025, the Management Board of Apator SA hereby announces that it has received a correction to the notification made pursuant to Article 19(1) of the MAR Regulation from Tadeusz Sosgórnik, a member of the Supervisory Board. The amendment to the notification concerns an obvious clerical error regarding the total number of shares sold on 1 September 2025. Therefore, the total number of bearer shares in Apator SA sold by Mr Tadeusz Sosgórnik between 29 August 2025 and 2 September 2025 amounts to 27,000 shares.

Please find the correct text of the notification attached.

The Management Board of Apator SA hereby announces that it has received notifications pursuant to Article 19(1) of the MAR Regulation from members of the Supervisory Board – Janusz Marzygliński and Tadeusz Sosgórnik – and a person closely associated with him, namely Stella AMP Family Foundation (in the process of being established). The notifications relate to transactions in registered and bearer shares of Apator SA carried out between 29 August 2025 and 2 September 2025.

Attached is the full text of the notifications:
- from Janusz Marzygliński regarding the sale of 20,000 registered shares in Apator SA,
- from Tadeusz Sosgórnik regarding the sale of 26,800 bearer shares in Apator SA,
- from Stella AMP Family Foundation (in the process of being established) regarding the acquisition of 20,000 registered shares and 10,000 bearer shares in Apator SA.