New Risk • Mar 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 152% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 379% Paying a dividend despite having no free cash flows. Revenue is less than US$1m (RON2.3m revenue, or US$507k). Market cap is less than US$10m (RON39.1m market cap, or US$8.80m). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Announcement • Mar 24
Societatea Comerciala Unisem S.A. announces Annual dividend, payable on October 05, 2026 Societatea Comerciala Unisem S.A. announced Annual dividend of RON 0.1200 per share payable on October 05, 2026, ex-date on September 14, 2026 and record date on September 15, 2026. Reported Earnings • Mar 23
Full year 2025 earnings released Full year 2025 results: Revenue: RON13.9m (up 499% from FY 2024). Net income: RON2.08m (up RON1.97m from FY 2024). Profit margin: 15% (up from 4.4% in FY 2024). The increase in margin was driven by higher revenue. New Risk • Mar 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Revenue is less than US$1m (RON2.3m revenue, or US$526k). Market cap is less than US$10m (RON35.5m market cap, or US$8.07m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • May 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 130% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Paying a dividend despite having no free cash flows. Revenue is less than US$1m (RON2.3m revenue, or US$522k). Market cap is less than US$10m (RON28.4m market cap, or US$6.37m). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.4% net profit margin). Upcoming Dividend • May 08
Upcoming dividend of RON0.086 per share Eligible shareholders must have bought the stock before 15 May 2025. Payment date: 05 June 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 25%. Within top quartile of Romanian dividend payers (6.9%). Higher than average of industry peers (10%). New Risk • May 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.1% Last year net profit margin: 51% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 439% Paying a dividend despite having no free cash flows. Market cap is less than US$10m (RON33.6m market cap, or US$7.64m). Minor Risks Profit margins are more than 30% lower than last year (1.1% net profit margin). Revenue is less than US$5m (RON9.7m revenue, or US$2.2m). Declared Dividend • Mar 24
Dividend reduced to RON0.086 Dividend of RON0.086 is 18% lower than last year. Ex-date: 15th May 2025 Payment date: 5th June 2025 Dividend yield will be 21%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (439% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 104% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 388% to bring the payout ratio under control, which is more than the 20% EPS growth achieved over the last 5 years. New Risk • Mar 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 439% Paying a dividend despite having no free cash flows. Revenue is less than US$1m (RON2.5m revenue, or US$551k). Market cap is less than US$10m (RON30.1m market cap, or US$6.61m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Board Change • Nov 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Andreea-Ioana Galani was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • May 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 146% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Revenue is less than US$1m (RON2.7m revenue, or US$594k). Market cap is less than US$10m (RON33.6m market cap, or US$7.29m). Minor Risk Large one-off items impacting financial results. Upcoming Dividend • May 07
Upcoming dividend of RON0.10 per share Eligible shareholders must have bought the stock before 14 May 2024. Payment date: 31 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.3%. Lower than top quartile of Romanian dividend payers (6.7%). Lower than average of industry peers (14%). Reported Earnings • Apr 26
Full year 2023 earnings released Full year 2023 results: Revenue: RON11.5m (up 313% from FY 2022). Net income: RON1.39m (up RON1.16m from FY 2022). Profit margin: 12% (up from 8.1% in FY 2022). The increase in margin was driven by higher revenue. Board Change • Mar 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.