A T L A N T I S SE
ANNUAL FINANCIAL REPORT
FOR THE PERIOD SINCE JULY 1, 2024 TILL JUNE 30, 2025
PREPARED IN COMPLIANCE WITH
INTERNATIONAL FINANCIAL REPORTING STANDARDS (EU)

FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
2
ATLANTIS SE
I. CORPORATE PROFILE
 





 









FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
3
TABLE OF CONTENTS:
1. 2
2. 4
3. 5
4. 10
5. 17
6. 18
7. 49
8. 50
FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
4
II. LETTER OF THE MANAGEMENT BOARD
Dear Sir or Madam,
on behalf of the Management Board of Atlantis SE (hereinafter ‘the Company’) I present to you the Annual
Report for the financial year from July 1, 2024 to June 30, 2025.
During this period the Company continued to provide lending activities, which constitute the main part of
the revenues.
In the opinion of the Management Board, the Company’s situation is stable and there is no risk of liquidity
loss or threat to the going concern.
The Company has activities in the new financial year will still focus on financial activities. The main
strategic goals of the Company for the next years are to stabilize the position of the Company in the areas
where Atlantis SE already provides its financial services, striving to meet the ever-growing requirements
of clients and achieving positive financial results that will meet the expectations of our Shareholders .
I invite you to get acquainted with this report.
I would also like to thank all the shareholders for the trust that they have invested in the Company's shares,
and I wish everyone further, mutually fruitful cooperation.
Yours faithfully,
Damian Patrowicz
Member of the Management Board
FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
5
III. MANAGEMENT REPORT
The main fields of activity
  
     




General (macroeconomic) development




• 
• 
• 
• 




Financial instruments, financial risk management objectives and policies


              




FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
6
Ensuring financial liquidity



              

Description of significant external and internal factors



• 
•     


• 
• 
• 
• 


  



           


FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
7
The main financial ratios concerning the financial year and the preceding financial year, and the
methods for calculating the ratios
RATIO
30/06/2025

30/06/2024

ROA


ROE




Share capital of the Company

 

      

Information on the Company and shareholders



Qualifying holding pursuant to the provisions of § 9 of the Securities Market Act

              

as at 30/06/2025
No.
Shareholder
Number of
shares
% of shares
% of votes
1
Patro Invest OU
2 034 669
29,06
29,06
Total
7 000 000
100
100
 
FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
8
as at 30/06/2024
Shareholder
Number of
shares
% of shares
Number of
votes
% of votes
Patro Invest OU
5 079 951
50,17
5 079 951
50,17
Total
10 125 000
100
10 125 000
100
 

Shares owned by members of the Company’s management and Supervisory Board




 
 




Provisions and rules for the election, appointment, resignation and removal of the members of
the Management Board and Supervisory Board


               


              



FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
9


Provisions and rules for amendment of the articles of association of the Company
             

  
             



Information about transactions concluded by the Company with related parties
 
            

Information on average employment
.
Information regarding the contract and the entity authorized to audit the Company's financial
statements

 
             
 
FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
10
IV. CORPORATE GOVERNANCE REPORT

           







 





Comments of the Company

            

 

Comments of the Company

 


Comments of the Company:



             
FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
11



Comments of the Company         

             


 

Comments of the Company           


 



Comments of the Company
              

 



Comments of the Company:







Comments of the Company


FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
12


 

         








 
              
            


Management Board:

Supervisory Board:




 

• Members of the Management Board



FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
13
  
 

• Members of the Supervisory Board



 

           



Comments of the Company:
        

 


Comments of the Company:
             


           
       





Comments of the Company: 


FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
14
 
      



          



                
              

Comments of the Company    


 
            









as at 30/06/2025
Shareholder
Number of
shares
% of shares
Number of
votes
% of votes
Patro Invest OU
2 034 669
29,06
2 034 669
29,06
Total
7 000 000
100
7 000 000
100
 
FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
15
             


Comments of the Company          

           





Comments of the Company          
              

             

         

              

   

Comments of the Company


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
         






FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
16


  


            
   

               




          


FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
17
V. REMUNERATION REPORT





             




FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
18
VI. FINANCIAL STATEMENTS
a) Stement of financial position
STATEMENT OF FINANCIAL POSITION
Note
30.06.2025
(THOUS.
EURO)
30.06.2024
(THOUS. EURO)
A s s e t s
Long-term assets
0
2 998


Current assets
861
4 503








A s s e t s t o t a l
861
7 501
L i a b i l i t i e s
Equity
837
4 674















Short-term liabilities
24
2 827





E q u i t y a n d l i a b i l i t i e s t o t a l
861
7 501
Book value of equity


Number of shares

 
Book value per share (in EUR)


Diluted number of shares

 
Diluted book value per share (in EUR)



FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
19
2. Statement of profit or loss
STATEMENT OF PROFIT AND LOSS
Note
01.07.2024 -
30.06.2025
(THOUS.
EURO)
01.07.2023 -
30.06.2024
(THOUS. EURO)



Gross profit
264
342








Profit (loss) on operating activity
248
290







Profit (loss) before tax
-216
58
Net profit (loss) for the period
-216
58
Weighted average number of ordinary shares
(in units.)
82 431 507
252 551 712
Earnings (loss) per ordinary share (EUR)


Weighted diluted average number of ordinary
shares
82 431 507
252 551 712
Diluted earning (loss) per ordinary share


3. Statement of other comprehensive income
STATEMENT OF OTHER COMPREHENSIVE INCOME
01.07.2024 -
30.06.2025
(THOUS. EURO)
01.07.2023 -
30.06.2024
(THOUS. EURO)
Profit/loss for the period
-216
58
Other comprehensive income, including:






Total comprehensive income for the period
5 539
852

FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
20
4. Statement of changes in equity
STATEMENT OF CHANGES IN EQUITY
NOTE
01.07.2024 -
30.06.2025
(THOUS.
EURO)
01.07.2023 -
30.06.2024
(THOUS.
EURO)
Opening balance of equity (OB)
4 674
7 196
Opening balance of share capital
5
1 013
33 750

5


a) 



b) 
5








Closing balance of share capital
5
700
1 013
Opening balance of reserve capital
29 363
0

-9 063
29 363
a) 





b) 



Closing balance of other reserve capitals
5
20 300
29 363
Opening balance of the other reserve capitals
292
292

Closing balance of the other reserve capitals
292
292
Opening balance of foreign exchange differences
-169
-963



Closing balance of foreign exchange differences
5 586
-169
Opening balance of retained earnings
-25 825
-25 883






Closing balance of retained earnings/unsettled
losses from previous years
-26 041
-25 825
Closing balance of equity (CB)
837
4 674

FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
21
5. Cash flow statement
CASH FLOW STATEMENT
(indirect method)
NOTE
01.07.2024 -
30.06.2025
(THOUS.
EURO)
Operating activities
A.I. Gross profit
-216
58
A.II. Total adjustments:
318
-434

-160
211

12
-446
-4 535

12
298
3 899

8
2

89
-3

2
2 799

0
6

13
527
-2 813
III.Net cash flow from operating activities
102
-376
Investing activities
B.I. Inflows from investing activities
0
0
B.II. Expenses from Investing Activities
47
0

47
0
B.III. Net Cash Flows from investing activities
-47
0
C.Exchange differences
0
217
Net cash flow, total (A.III+/-B.III+/-C)
55
-159
Balance change in cash and cash equivalents
55
-159
Cash balance at the beginning of the period
1
160
Cash balance at the end of the period
56
1

FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
22
6. Additional information to the financial statements
Note 1. Accounting principles
1.1. General information


             


             



1.2. Basis of preparation of financial statements
           
        






 





             



FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
23
Functional and reporting currency
            

 




1.3. Accounting policies, changes in accounting estimates and errors (IAS 8)







              







              




             


FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
24
             

1.4. Impact of new and revised standards and interpretations



Updated standards effective for annual reporting periods beginning on or after January 1, 2024.
             
 










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FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
25
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







FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
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




 



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




New standards or interpretations effective for annual reporting periods beginning on or after January 1,
2027.





          






FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
27
1.5. Financial assets (IFRS 9, IAS 32)
Classification





Recognition and derecognition


            

Measurement




Debt instruments


         
           


             


Loans and receivables



FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
28





  
          



            

   

            

             
   


            
          
             
            

          
              




󰑤   

󰑤
            
FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
29
󰑤             



           




󰑤  

󰑤              
             
󰑤

                


▪                

▪

▪




            



   
FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
30


Information on financial instruments
As at 30.06.2025
Classes of financial instruments
Amortised cost
Total
Financial assets total
861
861



















As at 30.06.2024
Classes of financial instruments
Amortised cost
Total
Financial assets total
7 501
7 501


















Professional judgment


FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
31










           
            

Uncertainty of estimates
             
        
  




            



             




              


FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
32






1.7. Cash and cash equivalents, cash flows (IAS 7)
              



            



1.8. Share Capital (IAS 1)
            
             
             

1.9. Capital from the sale of shares above their nominal value (IAS 1)






1.10. Statutory reserve capital (IAS 1)


FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
33



1.11. Earnings per share (IAS 33)






1.12. Financial liabilities (IFRS 9, IAS 32)
            







    






1.13. Provisions and contingent liabilities (IAS 37)
            




FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
34






Contingent liabilities
             

            



1.14. Revenue recognition (IFRS 15)

              


   
            

               




              


             



FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
35








1.15. Operating segments (IFRS 15, IFRS 8)

           


1.16. Income tax (IAS 12)

     



               


1.17. Related parties (IAS 24)
       




             



FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
36
           


1.18. Events after the reporting period (IAS 10)
            

             



Note 2. Financial risks
Granted loans


       
              

Objectives and principles of financial risk management

 

              

.
Credit risk




             
 
FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
37








Maturity dates of assets as of 30.06.2025









755


0

47


56


3
Total
861
861
0
0
0
Maturity dates of assets as of 30.06.2024










7 408



282


1

92

Total
7 501
4 776
2 725
0
0
Liquidity risk

              



FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
38
The maturity dates of liabilities as at 30.06.2025








9

0

15

Total
24
24
0
0
The maturity dates of liabilities as at 30.06.2024








6

2 814


7
Total
2 827
2 827
0
0
 


  



               




Interest rate risk
              

Borrower
Interest rate
Fixed/variable
interest rate



FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
39

Borrower
Interest rate
Fixed/variable
interest rate












Risk related to related parties






Risk of shares price’s fluctuations and limited liquidity


    


Risk related to the shareholder structure


              

Risk related to the economic situation in Poland and Estonia

              
          
FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
40


Currency risk









Change in
exchange rate
Exchange rate
after the
change
Interest
EUR’000
Impact on
gross result
EUR’000
Impact on
net result
EUR’000
Impact on
equity
EUR’000
























Risk related to the armed conflict in Ukraine




Note 3. Capital management

 




            
FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
41



Specification
30.06.2025
(thous. EURO)
30.06.2024
(thous. EURO)




















Note. 4 Financial assets
As at 30/06/2025
Borrower
12 months
period (thous.
EUR) -
principal
Interest rate
Curren
cy
Repay
ment
date
Collaterals


       
         
     
     
      

 


       
     

Total






FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
42
As at 30/06/2024
Borrower
12 months
period (thous.
EUR) -
principal
12 months
period
(thous. EUR)
– interest
1-5
years
(thous.
EUR)-
princip
al
Interest rate
Curren
cy
Repay
ment
date
Collaterals







  
   

    
  
  
 
 
  
 
 

  
  

  
  
  
  

  
 
   
  

  

 



















Total
4 401
282
2 725

Note 5.Share, share premium
Share capital
30/06/2025
(thous. EUR)
30/06/2024
(thous. EUR)
Opening balance of share capital
1 013
33 750










FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
43






Closing balance of share capital
700
1 013
share premium
30/06/2025
(thous. EUR)
30/06/2024
(thous. EUR)
Opening balance of share premium
29 363
0



Opening balance of share premium
20 300
29 363
           


Note 6. Shareholding structure



As at 30.06.2025
No.
Shareholder
Number of
shares
% of shares
% of votes
1
Patro Invest OU
2 034 669
29,06
29,06
2
VOV FUND SP. Z O. O
581 500
8,31
8.31
Total
7 000 000
100
100
 



FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
44
As at 30.06.2024
No.
Shareholder
Number of
shares
% of shares
% of votes
Patro Invest OU



Total
10 125 000
100
100
 
Share capital
as of
30.06.2025
Types of shares
Number of shares
Share capital



TOTAL


 


Share capital
as of
30.06.2024
Types of shares
Number of shares
Share capital

 
 
TOTAL
 




Note 7. Book value per share and profit per share
Book value per share
As at
30.06.2025
(thous. EUR)
As at
30.06.2024
(thous. EUR)





 



FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
45


 




 
 



Note 8. hort-term liabilities
Short-term liabilities
30.06.2025
(thous. EUR)
30.06.2024
(thous. EUR)





Short-term liabilities, total
24
2 827

 

             

Note 9. Revenues
   
  
             



Interest income
01.07.2024-
30.06.2025
(thous. EUR)
01.07.2023-
30.06.2024
(thous. EUR)



- including from related entities:
213
285

FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
46

Geographical area for financial activities
01.07.2024-
30.06.2025
(thous. EUR)
01.07.2023-
30.06.2024
(thous. EUR)






Total
264
342
INFORMATION ON LEADING CUSTOMERS












Division into the reporting segments
Reporting segments
01/07/2023-30/06/2024
(thous. EUR)
ESTONIA
POLAND




Profit/loss
-315
99
Note 10. General and administrative costs
Costs by type
01.07.2024-
30.06.2025
(thous. EUR)
01.07.2023-
30.06.2024
(thous. EUR)




General and administrative costs, total
49
52
FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
47
Note 11. Other operational revenues
Other operational revenues
01.07.2024-
30.06.2025
(thous. EUR)
01.07.2023-
30.06.2024
(thous. EUR)


Other operational revenues, total
33
0
Note 12. Financial revenues
Financial revenues, total
01.07.2024-
30.06.2025
(thous. EUR)
01.07.2023-
30.06.2024
(thous. EUR)


Financial revenues, total
63
0
Nota 13. Financial costs
Financial costs
01.07.2024-
30.06.2025
(thous. EUR)
01.07.2023-
30.06.2024
(thous. EUR)



Financial costs, total
527
232
Note 14. Balances and transactions with related parties
 
Selected transactions and balances with related entites:


Transaction and
balances for the period
ended on 30.06.2025
(in thous. euro)
Revenues
due to
interests
Loans
granted
Repayments
of loans
granted
principal
Receivables
due to
interests
and loans
Liabilities due
to the
redemption of
the company's
shares















Total
213
448
7 574
755
6 969

FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
48


Transaction and
balances for the period
ended on 30.06.2024
(in thous. euro)
Revenues
due to
interests
Loans
granted
Repayments
of loans
granted
principal
Receivables
due to
interests
and loans
Liabilities
due to the
redemption
of the
company's
shares
















Total
285
4 535
3 899
7 408
0

Note 15. Explanatory note to the cash flow statement – item "other adjustments"
 
              


Note 16. Average employment.



Note 17. Contingent assets and liabilities

              

Note 18. Events after the balance sheet date

         

FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
49
VII. MANAGEMENT BOARD'S CONFIRMATION OF THE ANNUAL REPORT


               



• 

•              

• .
Signature
Member of the Management Board
Damian Patrowicz
FINANCIAL STATEMENT
ATLANTIS SE
FOR THE YEAR ENDED ON 30/06//2025 IN THOUS. EUR
50
VIII. MANAGEMENT BOARD'S PROPOSAL FOR LOSS COVERAGE




                


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Signature
Member of the Management Board
Damian Patrowicz