ANNOUNCEMENT REGARDING BUSINESS/ FINANCIAL DEVELOPMENTS

ELTON INTERNATIONAL TRADING COMPANY S.A. announces that its 100% owned subsidiary in Bulgaria ELTON CORPORATION EOOD, headquartered in Sofia, has completed the sale of its privately owned facilities (land and building, total area of 14,180 sq m. in the Dolni Bogrov area, Sofia) for a total price of 3,400,000 euros.

The sale was made to a third-party legal entity (company) that is not affiliated with the parent company nor with the ELTON Group.

It is noted that the said fixed assets with a book value of 2,138,563 euros on 30/06/2025, had already been classified as “non-current assets held for sale” (note 12, Semi-Annual Financial Report 1/1/2025-30/06/2025). The difference between the book value and the actual sale value will be incorporated into the results of the fiscal year 01/01-31/12/2025.

The sale price of the facilities in Bulgaria will generate strong working capital, reduce the subsidiary's bank borrowing, and strengthen the company's equity.   

Aiming to strengthen its presence in Bulgaria, the ELTON group proceeded with the reorganization of its business model.

With a vision of providing quality service to the local market through the distribution of high value-added raw materials from its state-of-the-art leased warehouse and office facilities,

the ELTON Group seeks to further increase its market share in Bulgaria.