Reported Earnings • May 22
First quarter 2026 earnings released: EPS: €0.02 (vs €0.012 in 1Q 2025) First quarter 2026 results: EPS: €0.02 (up from €0.012 in 1Q 2025). Revenue: €29.8m (up 18% from 1Q 2025). Net income: €7.25m (up 64% from 1Q 2025). Profit margin: 24% (up from 18% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Board Change • May 20
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. Independent Chairman of Supervisory Council Robertas Vysniauskas is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 03
AB KN Energies, Annual General Meeting, Apr 30, 2026 AB KN Energies, Annual General Meeting, Apr 30, 2026, at 13:00 FLE Standard Time. Location: company`s administrative office, j. janonio str. 6b, klaipeda, hall of the meeting on the 3rd floor, Lithuania Announcement • Sep 21
AB KN Energies Announces the Election of Aurimas Salapeta as Member of the Remuneration and Nomination Committee by the decision of the Supervisory Council of AB „KN Energies“, as of 17 September 2025 and until the end of term of office of Company’s acting Supervisory Council, Aurimas Salapeta was elected as a member of the Company’s Remuneration and Nomination Committee. He will be joining current members Živile Valeišiene and Robertas Vyšniauskas. The Remuneration and Nomination Committee consists of 3 (three) members, 1 (one) of which is independent, and 2 (two) are designated members of the Supervisory Council. Announcement • Apr 08
AB KN Energies, Annual General Meeting, Apr 30, 2025 AB KN Energies, Annual General Meeting, Apr 30, 2025, at 13:00 FLE Standard Time. Location: company`s administrative, office, j. janonio str. 6b, klaipeda, in the hall of the meeting on the 3rd floor, Lithuania Announcement • Apr 07
AB KN Energies Elects Gediminas Almantas as an Independent Member of the Board, for the Period from April 11, 2025 The decision of the Supervisory Council of AB “KN Energies", Gediminas Almantas has been elected to fill one of the currently vacant positions for an independent member of the Company’s Board, for the period from April 11, 2025, until the end of the current Board's term of office on April 25, 2026. An independent Board member has been elected due to the resignation of independent Board member Edvinas Katilius from his position as a member of the Company’s Board, effective December 31, 2024. Currently, the Company has 4 (four) active Board members, 3 (three) of whom are independent. Article 12.1 of the Company’s Articles of Association stipulates that the Board shall consist of 5 (five) members. Announcement • Nov 07
AB KN Energies Announces Resignation of Edvinas Katilius as Independent Board Member, Effective December 31, 2024 AB KN Energies received a formal notice from independent Board member Edvinas Katilius regarding his resignation from the position of Board member of KN, effective December 31, 2024. December 31, 2024, will be Edvinas Katilius last day in office as an independent Board member. Announcement • Oct 25
AB KN Energies Elects Jurate Lingiene as Chairperson of the Board, Starting 1 November 2024 AB "KN Energies" announced that by the decision of the Board on 25 October 2024, Jurate Lingiene has been elected as the new Chairperson of the Board at KN Energies starting 1 November 2024, she previously served as an independent member of the Board of the Company. J. Lingiene has spent most of her professional career at SEB Group in Lithuania, Latvia and Sweden, where she has held the position of Head of the Finance Department, was responsible for the development of the SEB Service Centre in Lithuania and Latvia, served as a member of the Board of SEB Latvia and as the Director of Finance. Since 2015, she has been the Head of Finance, Technology and Business Support at SEB Group Headquarters. Her responsibilities also include operational risk management in the technology area. With KN successful performance over the last few years and the implementation of its long-term business strategy, J. Lingiene's extensive experience in strategic planning, corporate and financial management will be valuable both for the company's continuing success in the new energy sector and for the efficiency and growth of its existing businesses. Reported Earnings • Aug 15
Second quarter 2024 earnings released: €0.003 loss per share (vs €0.004 profit in 2Q 2023) Second quarter 2024 results: €0.003 loss per share (down from €0.004 profit in 2Q 2023). Revenue: €18.2m (down 10% from 2Q 2023). Net loss: €1.13m (down 175% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • May 22
First quarter 2024 earnings released: EPS: €0.01 (vs €0.017 in 1Q 2023) First quarter 2024 results: EPS: €0.01 (down from €0.017 in 1Q 2023). Revenue: €24.4m (up 10% from 1Q 2023). Net income: €2.59m (down 61% from 1Q 2023). Profit margin: 11% (down from 30% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Mar 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Earnings have declined by 17% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€84.8m market cap, or US$91.7m). New Risk • Mar 07
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 3.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Earnings have declined by 17% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€82.9m market cap, or US$90.4m). Reported Earnings • Dec 09
Third quarter 2023 earnings released: €0.007 loss per share (vs €0.04 loss in 3Q 2022) Third quarter 2023 results: €0.007 loss per share (improved from €0.04 loss in 3Q 2022). Revenue: €21.2m (up 3.3% from 3Q 2022). Net loss: €2.65m (loss narrowed 83% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year. Reported Earnings • Aug 20
Second quarter 2023 earnings released: EPS: €0.004 (vs €0.029 loss in 2Q 2022) Second quarter 2023 results: EPS: €0.004 (up from €0.029 loss in 2Q 2022). Revenue: €20.2m (up 12% from 2Q 2022). Net income: €1.50m (up €12.5m from 2Q 2022). Profit margin: 7.4% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Buying Opportunity • Aug 15
Now 40% undervalued after recent price drop Over the last 90 days, the stock is down 66%. The fair value is estimated to be €0.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.0% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Jul 04
Now 30% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €0.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.0% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 23
First quarter 2023 earnings released: EPS: €0.017 (vs €0.007 loss in 1Q 2022) First quarter 2023 results: EPS: €0.017 (up from €0.007 loss in 1Q 2022). Revenue: €22.2m (up 24% from 1Q 2022). Net income: €6.60m (up €9.41m from 1Q 2022). Profit margin: 30% (up from net loss in 1Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 30
Full year 2022 earnings released: €0.016 loss per share (vs €0.17 loss in FY 2021) Full year 2022 results: €0.016 loss per share (improved from €0.17 loss in FY 2021). Revenue: €77.8m (up 26% from FY 2021). Net loss: €5.90m (loss narrowed 91% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 28
Full year 2022 earnings released: €0.01 loss per share (vs €0.17 loss in FY 2021) Full year 2022 results: €0.01 loss per share (improved from €0.17 loss in FY 2021). Revenue: €77.8m (up 26% from FY 2021). Net loss: €5.48m (loss narrowed 91% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 01
Third quarter 2022 earnings released: €0.04 loss per share (vs €0.13 loss in 3Q 2021) Third quarter 2022 results: €0.04 loss per share (improved from €0.13 loss in 3Q 2021). Revenue: €20.5m (up 40% from 3Q 2021). Net loss: €15.1m (loss narrowed 70% from 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. Chairman of the Supervisory Board Eimantas Kiudulas is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Oct 21
AB Klaipedos nafta Announces Executive Changes AB Klaipedos nafta at its Extraordinary General Meeting held on October 20, 2022, For the 4 years cadence of Supervisory Council members of AB Klaipedos nafta to elect: Mantas Šukevicius; Robertas Vyšniauskas; and Dovile Kavaliauskiene. Reported Earnings • Aug 27
Second quarter 2022 earnings released: €0.029 loss per share (vs €0.006 profit in 2Q 2021) Second quarter 2022 results: €0.029 loss per share (down from €0.006 profit in 2Q 2021). Revenue: €18.1m (up 13% from 2Q 2021). Net loss: €11.0m (down €13.3m from profit in 2Q 2021). Over the next year, revenue is forecast to grow 42%, compared to a 53% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Board Change • Jun 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. Chairman of the Supervisory Board Eimantas Kiudulas is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • May 30
First quarter 2022 earnings released: €0.007 loss per share (vs €0.024 loss in 1Q 2021) First quarter 2022 results: €0.007 loss per share (up from €0.024 loss in 1Q 2021). Revenue: €17.9m (up 14% from 1Q 2021). Net loss: €2.81m (loss narrowed 69% from 1Q 2021). Over the next year, revenue is forecast to grow 46%, compared to a 51% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • May 14
AB Klaipedos Nafta Elects Independent Board Member Edvinas Katilius as A Chairman of the Board On 13 May, 2022 at the first meeting of the new Board of AB Klaipedos nafta, independent Board member Edvinas Katilius was elected as a Chairman of the Board. Announcement • May 13
AB Klaipedos Nafta Appeals in A Civil Case Concerning AB Klaipedos Nafta Shares Granted to Employees Has Been Lodged by the Prosecutor of the Klaipeda Regional Prosecutor’S Office AB Klaipedos nafta informed that on 05-11-2022 Šiauliai Regional Court has accepted an appeal of the prosecutor of the Klaipeda Regional Prosecutor's Office against the court‘s decision of 04-08-2022 (hereinafter – the Decision) in a civil case No. e2-220-883/2022 (hereinafter – the Case). By way of appeal the prosecutor requests the court to Annual the Decision in the Case and adopt a new decision, i. e. to uphold the civil claim of the Klaipeda Regional Prosecutor's Office defending the public interest regarding the annulment of the decisions of the Company's bodies and the agreements on the granting of shares to employees and the application of restitution. It should be reminded that on 04-08-2022 Šiauliai Regional Court issued the Decision in the Case dismissing a civil claim of the prosecutor in full. The Company, as well as current and former employees acquired shares on the basis of Shares Granting Contracts of 04-26-2019 are included in the Case as respondents. Announcement • May 12
AB Klaipedos Nafta Announces Election of Karolis Švaikauskas as Board Member Supervisory Council of AB Klaipedos nafta, based on the results of selection procedure, submitted by the Company's shareholder the Ministry of Energy of the Republic of Lithuania, adopted a decision to elect Karolis Švaikauskas as Board member of the Company until the term of office of the acting Board of AB Klaipedos nafta. The decision determines, that the elected member of the Board shall take the office on the day following the receipt of a positive response from the competent authorities, regarding Karolis Švaikauskas eligibility as a candidate. The newly elected Board member of the Company, Karolis Švaikauskas also acts as the Head of the Energy Competitiveness Group of the Ministry of Energy of the Republic of Lithuania and is the Board member of Amber Grid. Board Change • May 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Alfonso Morriello was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 05
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: €0.17 loss per share (down from €0.089 profit in FY 2020). Revenue: €61.8m (down 23% from FY 2020). Net loss: €63.9m (down 288% from profit in FY 2020). Revenue missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 49%, compared to a 68% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Feb 15
AB Klaipedos Nafta Announces Resignation of Laura Garbenciute-Bakiene as Member of the Audit Committee AB Klaipedos nafta announced that Laura Garbenciute-Bakiene, a member of the Audit Committee of the company, on 11 February 2022 submitted a notice of resignation from the Audit Committee of the Company as of 25 February 2022 (this day is the last day of the mandate). Executive Departure • Oct 12
Independent Director Ian Bradshaw has left the company On the 1st of October, Ian Bradshaw's tenure as Independent Director ended after 2.7 years in the role. We don't have any record of a personal shareholding under Ian's name. Ian is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.08 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS €0.006 (vs €0.026 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €16.0m (down 23% from 2Q 2020). Net income: €2.31m (down 77% from 2Q 2020). Profit margin: 14% (down from 47% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • May 05
First quarter 2021 earnings released: €0.024 loss per share (vs €0.001 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €15.7m (down 22% from 1Q 2020). Net loss: €9.07m (loss widened €8.69m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 24
New 90-day low: €0.28 The company is down 1.0% from its price of €0.29 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 21% over the same period. Reported Earnings • Feb 01
Full year 2020 earnings released: EPS €0.086 (vs €0.02 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €80.5m (down 23% from FY 2019). Net income: €32.9m (up 336% from FY 2019). Profit margin: 41% (up from 7.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 01
Revenue beats expectations Revenue exceeded analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 3.1%, compared to a 17% growth forecast for the Oil and Gas industry in Germany. Is New 90 Day High Low • Nov 12
New 90-day high: €0.35 The company is up 10.0% from its price of €0.32 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 30% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of €34.1m, with earnings increasing by €36.1m from the prior year. Total revenue was €87.9m over the last 12 months, down 13% from the prior year. Is New 90 Day High Low • Oct 27
New 90-day low: €0.29 The company is down 11% from its price of €0.33 on 29 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 37% over the same period. Is New 90 Day High Low • Sep 23
New 90-day low: €0.31 The company is down 8.0% from its price of €0.34 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 54% over the same period. 
