Audited annual report 2024

The Supervisory Board of TKM Grupp AS approved today, on 20 February 2025 the annual report and profit allocation proposal for the year 2024 of TKM Grupp AS. The Supervisory Board decided to present the annual report and profit allocation proposal as prepared by the Management Board for the approval of the general meeting of shareholders. The revenues and profits remained unchanged compared to the preliminary disclosure on 16 January 2025.

The original audited Annual Report 2024 document is submitted in machine-readable .xhtml format to the Nasdaq Tallinn Stock Exchange and digitally signed (Link: https://nasdaqbaltic.com/statistics/en/instrument/EE0000001105/reports).

The consolidated audited revenue of TKM Grupp AS for the year of 2024 was 944.6 million euros. The revenue decreased by 0.3 per cent (the revenue for the year of 2023 was 947.3 million euros).

The consolidated audited net profit of TKM Grupp AS for the year of 2024 was 27.5 million euros (the net profit for the year of 2023 was 37.4 million euros). The business segments of TKM Group earned the following net profit (loss) in 2024:

Supermarkets                     15.5 million euros
Department stores           -0.3 million euros
Car Trade                            9.5 million euros
Security                                0.2 million euros
Real Estate                          5.2 million euros
IFRS16 related loss           -2.6 million euros

The Management Board of TKM Grupp AS proposes to the general meeting to distribute the profit for 2024 as follows:

• to pay a dividend of 0.65 euros per share for a total amount of 26.5 million euros; in which case the income tax payable on dividends would be 7.5 million euros.

The list of shareholders entitled to dividends will be fixed as at the close of business of the Nasdaq CSD Estonia settlement system of on 31^st of March 2025. Consequently, the day of change of the rights attaching to the shares (ex-dividend date) is set to 28^th of March 2025. From that date, the person who acquired the shares will not be entitled to receive dividends for the financial year 2024. The dividend will be paid to shareholders on 3^rd of April 2025.

TKM Grupp AS is one of the largest retail groups based on Estonian capital in Estonia, which includes Selver AS, Kaubamaja AS, Kulinaaria OÜ, Viking Security AS, Walde AS, TKM Kinnisvara AS, TKM Kinnisvara Tartu OÜ, UAB TKM Lietuva, SIA TKM Latvija, KIA Auto AS, AS Viking Motors, Motus auto UAB, Forum Auto SIA, Verte Auto SIA, TKM Auto OÜ, OÜ TKM Beauty, OÜ TKM Beauty Eesti, TKM Finants AS and Rävala Parkla AS. At the end of the reporting year, the number of loyal customers of TKM Grupp AS was over 740 thousand.

Raul Puusepp
Chairman of the Board
Phone: +372 731 5000

Attachment

• Annual Report 2024 TKM Grupp AS