BULMETAL Group improves profitability at all levels in 2024
– The Group’s net revenue for the 12 months of 2024 decreased by 4.16% to BGN 111 million, but is the second highest result in history;
– Packaging sales grew by 9% in volume and reached 143 million pieces, the decrease in value is due to price adjustments;
– The Machinery Sector reports its strongest year since the acquisition of the subsidiaries in Italy and Germany;
– The Group’s profitability is improving at all operational levels after the first strong impulse from the engineering business;
– EBITDA grows by 11% and reaches BGN 15.3 million, and the EBITDA margin is close to 14%;
– Operating profit (EBIT) increased with 36% and pre-tax profit – with 50%.

Bulmetal JSC hereby announces that as of 06.02.2025, due to health reasons, the Commercial Director of the Company Mr. Velichko Peev was dismissed. In his place was appointed a new sales director – Mr. Stanimir Denev, who has the necessary education, qualification and over 14 years of experience in the manufacturing sector.

Bulmetal JSC hereby informs you that the Management Board of Bulmetal JSC, Gurkovo, UIC 202189103, at a joint meeting with the Supervisory Board, decided to convene an extraordinary General Meeting of the Company’s Shareholders on 13 March 2025 at 11:00 a.m. at Gurkovo, 37 Prohoda Street, with the following agenda and draft decisions:
First and only point: Adoption of a decision to dismiss a member of the Audit Committee of the company and to elect a new member of the Audit Committee.

Bulmetal JSC herewith announces that its subsidiary in Germany, BIBRA Biagosch and Brandau Germany GmbH, had concluded a commercial contract with a Spanish customer for EUR 1 240 900.
Subject of the transaction: Technological line for production of metal lids for metal packaging with a diameter of 65 mm.
The implementation period is 12 months.

Contents:
1. Main trends during the 3rd quarter of 2024
2. Group’s key indicators for Q3 of 24
3. Key indicators in the ‘Packaging’ segment
4. Key indicators in the ‘Machines’ segment
5. Group’s resources availability and indebtedness
6. Development in 2024
7. Green energy ring

The net earnings of Bulmetal Group for the nine months of 2024 grows by 35 % to 4.6 million BGN
The company’s revenues are stabilizing with growing packaging volumes and significant demand for machines and spare parts.

• The net revenues of the Group for the nine months of 2024 decrease by 3.8 % up to 75 million BGN as a result of the price adjustment of the packaging;
• The machine capacity is almost booked for the first half of 2025, and the filed requests are for about two years ahead and amount to 39 million BGN in total;
• The revenues from sales of spare parts go up by 11 % amounting to 6.7 million BGN;
• EBITDA grows up to 11.3 million BGN, and EBIDTA margin reaches 15 %;
  The net earnings of the Group grow by 35 % and reaches 4.6 million BGN

Bulmetal JSC herewith announces that, as of 14 November 2024, the company had concluded a ‘Contract for the supply of equipment and installation of a three-phase energy storage system with a capacity of 5 015 kWh, PCS with a power of 2 500 kW’, at a site located in Gurkovo, with contractor ‘Solaren Dom’ OOD, UIC 204120853.
The energy storage system (ESS) has the following parameters:
– Type: Energy storage system
– Capacity 5 015 kWh, PCS with a power of 2 500 kW;
Total contract value: BGN 1 440 455.30 /excluding VAT/.
The delivery period of the equipment is 5 months from the signing of the contract. The deadline for the installation of a three-phase energy storage system awarded by this contract shall be 20 working days from the date of delivery of the equipment.

Bulmetal JSC herewith announces that the company had received approval for the financing of three projects under Procedure BG-RRP-4.032-S1 ‘Support for new capacities for the production of electricity from renewable sources and electricity storage with an installed capacity of 200 kW to 2 MW’. An invitation to sign a contract is forthcoming.

Dear Ladies and Gentlemen,
Bulmetal JSC hereby informs you that its subsidiary in Italy, Cevolani Italy Srl, has concluded a commercial contract with a new customer from Algeria.
Subject of the contract: Production line for the production of boxes for milk powder.
Contract value: 3 150 000 euro.
Implementation period: 12 months.
With the signing of this contract and its inclusion in the production program of Cevolani Italy Srl, the subsidiary occupies a stable position in the Algerian market, and the company’s capacity for 2025 will be occupied at 80%.

Bulmetal JSC herewith announces that at a joint meeting of the Supervisory Board and Management Board, held on 26.09.2024, it was decided that the company would conclude a new Framework Agreement for the provision of a credit limit.
The contract was concluded on 15.10.2024 under the following conditions:
– Authorized limit – 2 300 000 euro.
– Deadline for repayment – 30.09.2034.
– Interest conditions – floating interest rate + premium
-Collateral – contractual mortgage.
The new framework contract refinances a previous framework contract at better interest rates.

“Bulmetal” AD announces that its subsidiary in Germany – “BIBRA Biagosch and Brandau Germany” GmbH, has concluded a commercial contract with a new customer from Italy worth 1 775 000 euros.
The subject of the transaction is a production line for the production of deep-drawn metal boxes with dimensions ф73×30 mm. The production capacity of the line will be 600 pieces per minute.
The implementation period is 12 months.

“Bulmetal” JSC announces that as of 16.09.2024, in connection with Financing Agreement No. BG-RRP-3.008-0077-C01 under the “Economic Transformation Program” (ETP) to the “National Recovery and Sustainability Plan” (NRSP), under selection procedure BG[1]RRP-3.008 “Support for the transition to a circular economy in enterprises”, concluded contract No. BG-RRP- 3.008-0077-C01-SU-1 with contractor “MPI” OOD, UIC 107585529 .
Subject of the contract: Delivery, installation and commissioning of an aerosol ring press.
Total contract value: 4 600 000,00 BGN /exclud. VAT/.
Implementation period: 10 months, counted from the date of signing the Agreement, but within the framework of Financing Agreement No. BG-RRP-3.008- 0077-C01 “Support for the transition to a circular economy”

“Bulmetal” JSC announces that as of 10th September 2024 received two new management system certificates:
 – certificate of conformity to the standard for environmental management systems: ISO 14001:2015.
 – certificate of conformity to the occupational health and safety management systems standard: ISO 45001:2018.

Bulmetal Presentation of the results for H1 2024.
1. Major trends in the II quarter of 2024
2. Key indicators of the Group for H1 23/H1 24.
3. Key indicators in Packaging segment
4. Key indicators in Machines segment
5. SSSRaw materials SSSavailbility and indebtedness of the Group
6. Development in 202

The machines drive the consolidated results of “BULMETAL” JSC to historical records for the half year close
● Consolidated net sales revenue for the six months of 2024 increased by 14% to 53,8 million BGN;
● Sales of machines and technological lines increased by 133% on an annual basis to 14.5 million BGN and are the engine of the Group’s growth in the first half of 2024.
● Machine capacity for 2024 is already full, the Group is signing contracts for 2025;
● Profitability is greatly improved at all operational levels;
● The EBITDA of the Group for the six months reached 8.2 million. BGN, which is a growth of 146% on an annual basis;
● The EBITDA margin doubled to 15% from 7% a year earlier;
● The net profit amounts to 3.7 million BGN at the end of June 2024 against a loss of 1.5 million BGN a year earlier. The achieved financial result reached the Group’s net profit for the entire 2023.

“BULMETAL” JSC announced that the Financing Agreement under the “Economic Transformation Program” (ETP) to the “National Recovery and Sustainability Plan” (NRSP) has been signed. The contract is under the selection procedure BG-RRP[1]3.008 “Support for the transition to a circular economy in enterprises” under the following conditions:
Contract activity: Acquisition of an aerosol rings press.
Total contract value: 4 611 847,50 BGN
Grant amount: 999,848,54 BGN
Self-financing: 3 611 998,96 BGN
Implementation period: 18 months.

 “Bulmetal” JSC announces that its subsidiary in Germany – “BIBRA Biagosch and Brandau Germany” GmbH, has signed a commercial contract with a client from Austria worth 640 000 €. The subject of the contract is the development, production and supply of an Automatic Transfer Press, type Unistar WTP-40N + tool with a triple tight ring with a diameter of 108 mm (according to offer Nr. 24/ 140.4). The deadline for the implementation of the contract is February 2025.

BULMETAL reports a 10 times increase in EBITDA in the first quarter of 2024.
● The revenue of BULMETAL Group in the first three months of 2024 reach 21 407 thousand BGN, growing by 10.5% on an annual basis;
● EBITDA increased tenfold to 2 387 thousand. BGN in March 2024;
● The net profit of the Group reaches 90 thousand BGN compared to a loss of 2 239 thousand BGN a year earlier;
● 139% growth in the “Machines” segment to 5,5 million BGN and 100% filled capacity for 2024.

From “BULMETAL” JSC, with UIC 202189103, with headquarters and management address in Gurkovo, 37 “Prohoda” street, fl. 3, represented by Ivanka Dimitrova – Executive Director
Regarding: Appointment of Investor Relations Director

From “BULMETAL” JSC, with UIC 202189103, with headquarters and management address in Gurkovo, 37 “Prohoda” street, fl. 3, represented by Ivanka Dimitrova – Executive Director Regarding: Presentation of inside information under Art. 17, §1, in relation to Art. 7 of the Regulation 596/2014 of the EP and the Council

DISCLOSURE OF INSIDE INFORMATION According to Art. 17, §1 in relation to Article 7 of Regulation (EU) 596/2014 of the EP and of the Council

DISCLOSURE OF INFORMATION according to art. 100t in connection with Art. 110, para. 7 of the Public offering of Securities Act (POSA) and Art. 24, para. 1, item 1 of Regulation 2 of the Financial Supervision Commission