OKGL ANNUAL REPORT FOR FY 2024

03 Jun 2025 15:45 CEST

As required by para 3.4.3 Annual Report of ABM Rules, Okechamp Global B.V is
disclosing in the attachment its Annual Report for the financial year from
01.01.2024 to 31.12.2024, consisting of:
1. Management Board Report
2. Financial Statements
3. Independent Auditor's Report.

According to regulations binding in the Netherlands, and as requested by the
auditors in their Letter of Permission dated 31.05.2025, Okechamp Global B.V. is
disclosing the unsigned copy of the Auditor's Report, identical with the
original that is signed with wet, handwritten signature of the key audit
partner.

Highlights - as presented in the Management Board Report:

1. In the twelve months of the financial year, total sales reached EUR 186,2
million, the 15,2% decrease from the previous year of EUR 219,7 million.
2. Total operating result EBITDA (EARNINGS BEFORE INTEREST TAX DEPRECIATION AND
AMORTIZATION) reached EUR 10,6 million, reflecting the decrease of EUR 4,3
million compared to the previous year.
3. In April 2024 Okechamp B.V. ‐ the subsidiary of The Company ‐ entered into
the sale and lease back transaction. It sold land and buildings in Velden, The
Netherlands. The Company realized capital profit on the sale and lease back
transaction of EUR 10,6 million.
4. The net result after taxes (loss) dropped from EUR ‐4,6 million in 2023 to
EUR ‐8,7 million in 2024.
5. The Company’s net finance costs dropped to EUR 9,7 million from EUR 11,4
million YoY.
6. Total assets on 31 December 2024 of EUR 148,2 million were EUR 4,4 million
lower than at the end of 2023 (the decrease of 2,3% YoY).
7. The net assets at end of December of EUR 23,6 million were EUR 14,5 million
lower than at the end of 2023 (EUR 38,1 million), that means the decrease of 38%
YoY.
8. The equity ratio was 15,9% on 31 December 2024, compared to 24,0% at year‐end
of 2023.
9. The Management Board considers 2024 to be a transition year between a period
of high inflation and instability and a period with a stable, balanced consumer
market.

For inquiries, please contact: okechamp.global@okechamp.eu
SJM

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648272_ANNUAL REPORT 2024 OKEGLOBAL SIGNED 20250603.pdf