The Latest Information on the Restructuring Processes of AUGA group, AB under restructuring and its Controlled Companies

Core Points - The Vilnius Regional Court has opened restructuring proceedings for AUGA group, AB, with a court ruling effective from January 17, 2025, confirming creditors' claims amounting to 41.2 million EUR, while disputed claims total 53.6 million EUR [1][3] - The Company is preparing a restructuring plan to address financial difficulties, aiming to reflect obligations accurately and ensure creditors are repaid through effective coordination of restructuring processes [2][3] - Due to ongoing disputes regarding creditors' claims, the Company is unable to finalize a restructuring plan and is seeking an extension of the deadline for submission and approval to July 17, 2025 [3] Group Companies Restructuring - Restructuring proceedings have been initiated for 27 Group companies, with 11 companies having final court rulings and currently preparing restructuring plans [4][5] - In 7 Group companies, applications for restructuring are still pending in court, while 9 companies have reached agreements with key creditors, leading to the termination of restructuring procedures [5] - Despite restructuring challenges, the Group continues operations across all business segments, including crop growing, animal husbandry, mushroom growing, and FMCG [4][5] Business Performance - In crop growing, 34 thousand hectares of winter and spring crops are being cultivated, with a decrease in area due to the closure of the unprofitable Mažeikiai farm [5] - The animal husbandry segment maintains a stable operation with 3,400 dairy cattle [5] - The mushroom growing segment operates at full capacity despite the restructuring status [5] - FMCG sales reached 1.5 million EUR in the first five months of 2025, a 42% increase compared to the same period last year, indicating consumer support for the sustainable product line [5]