Current reports

The Management Board of Apator SA hereby announces that it has received notification from Tadeusz Sosgórnik, a member of the Supervisory Board of Apator SA, regarding the purchase of 15,000 registered shares in Apator SA on 24 March 2025.

The full text of the notification is attached.

The Management Board of Apator SA hereby announces that it has received notification from Janusz Marzygliński, a member of the Supervisory Board of Apator SA, regarding the sale of 7,851 bearer shares in Apator SA between 19 and 21 March 2025.

The full text of the notification is attached.

The Management Board of Apator SA announces that its subsidiary, Apator Rector Sp. z o.o., has entered into a contract with Tauron Dystrybucja SA (“TD”) worth PLN 45 million net. The agreement concerns the provision, between 2025 and 2028, of maintenance, support and development services for the Network Asset Management (ZMS) IT system implemented at TD.

The terms of the agreement do not differ from those commonly used in agreements of this type, including in respect of contractual penalties.

The Network Asset Management System supports the Distribution System Operator’s operations in the area of comprehensive infrastructure and business process management, and also serves as a comprehensive, digitised database of network information.

Further to Current Report No. 28/2024, the Management Board of Apator S.A. announces that on 7 March 2025 it entered into a second contract for the supply of Concentrator and Balancing Units (ZKB) with Energa - Operator SA, for the purposes of continuing the MV/LV substation metering project.

The net value of the contract is PLN 10.4 million, with delivery scheduled for the turn of 2025 and 2026. The terms of the contract do not differ from those commonly used in contracts of this type, including in respect of contractual penalties.

The Management Board of Apator SA hereby announces that it has received notifications from Tadeusz Sosgórnik and Janusz Marzygliński – members of the Supervisory Board of Apator SA – regarding the purchase/sale of 10,000 registered shares in Apator SA on 28 February 2025.

The full text of the notifications is attached.

The Management Board of Apator SA (the “Issuer”) announces that on 11 February 2025 it entered into a technology partnership agreement (the “Agreement”) with RITTAL GmbH & Co. KG (“RITTAL”), a company belonging to the globally operating industrial group Friedhelm Loh Group.

The cooperation between the Parties also covers the design and manufacture by Apator S.A. of a range of switch disconnectors, together with optional electronic modules for monitoring the status of fuse links. The switch disconnectors are designed for low voltage switchgear and ensure compatibility of the equipment with RITTAL’s RiLineX system. Sales will be carried out on the basis of current orders. The Management Board estimates that in 2025, projected revenues may amount to several million zlotys, with the prospect of a gradual increase in subsequent years.

RITTAL, based in Herborn, Hesse (Germany), is a global system supplier of, amongst other things, control cabinets, power distribution systems, IT infrastructure, software and services, and its solutions are used across all industrial sectors.

In the Issuer’s view, membership of the RITTAL partner network is of significant importance from the perspective of implementing the announced business strategy for the switchgear product line (reported in the Electricity segment) and the investments undertaken by the Issuer. This cooperation will enable the launch of an innovative fuse switch disconnector designed by Apator – a product used in RITTAL’s comprehensive solutions.

Furthermore, as one of the key partners and the sole supplier of NH-type fuse links for the RiLineX system, Apator is participating in the development of a joint offering based on the latest market requirements, enabling increased brand and product recognition.

Further to Current Report No. 1/2025, the Management Board of Apator SA announces that on 28 January 2025 it entered into an agreement with Enea Operator sp. z o.o. ("the Client") to establish an innovation partnership.

The agreement comprises four implementation stages, the aim of which is to develop an innovative 1- and 3-phase remote-reading electricity meter that meets all the requirements and features specified by the Client (Stages I and II), to obtain the required certification (Stage III), and subsequently to manufacture and supply the meters together with communication modules (phase IV).

The value of the contract, in accordance with the tender terms, amounts to PLN 62.3 million, assuming the completion of the three earlier stages of the contract. Deliveries of the meters are expected to commence at the turn of 2025 and 2026. In accordance with the Ordering Party’s requirements, Apator SA has provided a 72-month warranty for the supplied meters.

Furthermore, the Contracting Authority provides, within the scope of the concluded Contract, for the possibility of purchasing an additional total of approximately 2.4 million meters from the contractors selected in the tender by 2030.

The Management Board of Apator SA hereby announces the dates for the publication of periodic reports in 2025:

1) Consolidated quarterly reports:
- for the fourth quarter of 2024 – 27 February 2025,
- for the first quarter of 2025 – 16 May 2025,
- for the third quarter of 2025 – 14 November 2025.

2) Half-yearly reports for the first half of 2025:
- separate half-yearly report – 29 August 2025,
- consolidated half-yearly report – 29 August 2025.

3) Annual reports for 2024:
- separate annual report – 25 April 2025,
- consolidated annual report – 25 April 2025.

Pursuant to §79(2) of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information provided by issuers of securities and the conditions for recognising as equivalent information required by the laws of a non-member state (Journal of Laws, item 757), Apator S.A. will not publish a separate or consolidated quarterly report for the second quarter of 2025.

In accordance with §62(1) of the aforementioned Regulation, the Company will not submit separate standalone quarterly reports; however, the consolidated quarterly reports will include quarterly standalone financial information.

Legal basis:

Section 80(1) of the Regulation of the Minister of Finance of 29 March 2018 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 (Journal of Laws, item 757).

The Management Board of Apator SA hereby announces that on 17 and 18 January 2025 it received notifications from Tadeusz Sosgórnik, a member of the Supervisory Board of Apator SA, regarding transactions involving the purchase and sale of bearer shares in Apator SA carried out on the following dates:
- 6–18 December 2024, concerning the sale of 17,000 shares and the purchase of 17,000 shares,
- 3–16 January 2025, concerning the sale of 25,800 shares and the purchase of 25,800 shares.
The above transactions did not result in any change in Mr Tadeusz Sosgórnik’s shareholding in Apator SA.

The full text of the notifications is attached.

The Management Board of Apator SA announces that on 15 January 2025 it received notification that Apator SA’s bid had been selected as one of the four most favourable bids in a tender organised by Enea Operator sp. z o.o. The public tender, conducted under the innovation partnership procedure, concerns the design, manufacture and direct supply of 1-phase and three-phase remote-read electricity meters, together with communication modules.

The agreement establishing the innovation partnership (“Agreement”) will be concluded by the end of January this year and will set out four stages of the Agreement’s implementation, together with timetables. In the first stage of the Agreement, technical and contractual requirements will be developed; the second and third stages of the Agreement involve research and development and obtaining MID certification, whilst the fourth stage concerns the introduction of the meter, together with the communication module, into production and the fulfilment of deliveries.

The value of the Company’s bid is PLN 62.3 million, and deliveries are expected to commence at the turn of 2025 and 2026, following the completion of the three preceding stages of the Agreement.

The Issuer will announce the conclusion of the Agreement in a separate current report.