ROBIT PLC PUBLISHES CERTAIN CORRECTED INTERIM AND HALF-YEAR FINANCIAL INFORMATION FOR THE FINANCIAL YEAR 2023

ROBIT PLC          STOCK EXCHANGE RELEASE          13 MARCH 2024 AT 17.00 EET

ROBIT PLC PUBLISHES CERTAIN CORRECTED INTERIM AND HALF-YEAR FINANCIAL INFORMATION FOR THE FINANCIAL YEAR 2023

Robit Plc has, in its consolidated financial statements as of December 31, 2023, adjusted the presentation of cash and other financial assets in accordance with IAS 8, as described in note 6.4.

Robit corrects the presentation of cash and other financial assets in its interim reports for the year 2023. These adjustments have no impact on the company's income statement or equity. The group has funds invested in a short-term bond fund, which the group has classified as liquid cash. However, investments within this bond fund may exceed 90 days, and the volatility indicating the fund's risk has been higher on average than what is allowed for cash reserves. Therefore, the investment in the bond fund has been reclassified from cash reserves to “other financial assets”, which are valued at fair value with impact on the income statement.

The information presented in the interim reports for the periods January 1 to March 31, 2023, January 1 to June 30, 2023, and January 1 to September 30, 2023, in the group's balance sheet and cash flow statement has been corrected, as shown in the tables below.

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
EUR, thousand	Reported 30 Sep 2023	Restated			Restated 30 Sep 2023
Other financial assets		1 603			1 603
Cash and cash equivalents	7 353	-1 603			5 751
Total	7 353				7 353
EUR, thousand	Reported 30 Jun 2023	Restated			Restated 30 Jun 2023
Other financial assets		1 603			1 603
Cash and cash equivalents	8 616	-1 603			7 013
Total	8 616				8 616
EUR, thousand	Reported