Reported Earnings • Jan 13
Full year 2025 earnings released: AR$2.69 loss per share (vs AR$4.99 loss in FY 2024) Full year 2025 results: AR$2.69 loss per share (improved from AR$4.99 loss in FY 2024). Revenue: AR$143.0b (up 464% from FY 2024). Net loss: AR$6.63b (loss narrowed 46% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 78% per year, which means it is well ahead of earnings. Duyuru • Jan 12
Boldt S.A., Annual General Meeting, Feb 24, 2026 Boldt S.A., Annual General Meeting, Feb 24, 2026. Location: av caseros nr 3039, piso 9, buenos aires Argentina Reported Earnings • Sep 16
Third quarter 2025 earnings released: AR$0.37 loss per share (vs AR$1.02 loss in 3Q 2024) Third quarter 2025 results: AR$0.37 loss per share (improved from AR$1.02 loss in 3Q 2024). Revenue: AR$13.0b (up 147% from 3Q 2024). Net loss: AR$912.0m (loss narrowed 64% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 73% per year, which means it is well ahead of earnings. Reported Earnings • Jun 12
Second quarter 2025 earnings released: AR$0.38 loss per share (vs AR$0.54 profit in 2Q 2024) Second quarter 2025 results: AR$0.38 loss per share (down from AR$0.54 profit in 2Q 2024). Revenue: AR$10.1b (up 71% from 2Q 2024). Net loss: AR$945.1m (down 171% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 128% per year, which means it is well ahead of earnings. New Risk • Feb 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AR$106.0b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AR$13b free cash flow). Earnings have declined by 50% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AR$106.0b market cap, or US$99.8m). New Risk • Mar 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AR$8.4b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AR$8.4b free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 55% per year over the past 5 years. Reported Earnings • Mar 15
First quarter 2024 earnings released: AR$1.87 loss per share (vs AR$0.055 loss in 1Q 2023) First quarter 2024 results: AR$1.87 loss per share (further deteriorated from AR$0.055 loss in 1Q 2023). Revenue: AR$3.91b (up 44% from 1Q 2023). Net loss: AR$5.89b (loss widened AR$5.72b from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 152% per year, which means it is well ahead of earnings. New Risk • Jan 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Argentinean stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 47% per year over the past 5 years. New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended January 2023. 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 (12% average weekly change). Earnings have declined by 53% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported January 2023 fiscal period end). New Risk • Aug 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AR$28.5b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 53% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Market cap is less than US$100m (AR$28.5b market cap, or US$99.6m). New Risk • Jul 18
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Reported Earnings • Mar 17
First quarter 2023 earnings released: AR$0.06 loss per share (vs AR$0.032 loss in 1Q 2022) First quarter 2023 results: AR$0.06 loss per share (further deteriorated from AR$0.032 loss in 1Q 2022). Revenue: AR$2.72b (up 91% from 1Q 2022). Net loss: AR$174.1m (loss widened 71% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 71% per year, which means it is well ahead of earnings. Board Change • Nov 16
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. 11 experienced directors. No highly experienced directors. No independent directors (8 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. Board Change • Apr 27
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. 11 experienced directors. No highly experienced directors. No independent directors (8 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. Is New 90 Day High Low • Feb 12
New 90-day low: AR$3.79 The company is down 13% from its price of AR$4.35 on 13 November 2020. The Argentinean market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 28% over the same period. Is New 90 Day High Low • Jan 21
New 90-day low: AR$3.83 The company is down 18% from its price of AR$4.68 on 23 October 2020. The Argentinean market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 17% over the same period. Reported Earnings • Jan 14
Full year 2020 earnings released: AR$0.45 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: AR$1.99b (down 30% from FY 2019). Net loss: AR$1.35b (down AR$1.49b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 131% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Dec 29
New 90-day low: AR$4.08 The company is down 19% from its price of AR$5.01 on 30 September 2020. The Argentinean market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 7.0% over the same period. Is New 90 Day High Low • Sep 30
New 90-day high: AR$4.87 The company is up 67% from its price of AR$2.91 on 02 July 2020. The Argentinean market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 1.0% over the same period. Reported Earnings • Sep 25
Third quarter earnings released Over the last 12 months the company has reported total losses of AR$321.5m, with earnings decreasing by AR$385.3m from the prior year. Total revenue was AR$1.49b over the last 12 months, down 62% from the prior year.