Group 1 - The Issuer, Valstybės investicinis kapitalas UAB, has announced an updated and approved EUR 400,000,000 Medium-Term Note Programme with a credit rating of A [1] - The updated Programme aims to invest in strengthening the Lithuanian defence and security industry, with plans to distribute up to EUR 54.5 million worth of bonds in 2025 [2] - The bonds under the Programme will be secured by a state guarantee [2] Group 2 - Fitch has affirmed the credit rating of the Valstybės investicinis kapitalas UAB Note Programme at 'A' [3][4]

Group 1 - The Issuer, UAB "Valstybės investicinis kapitalas," has approved a renewed EUR 400,000,000 medium-term note programme aimed at strengthening Lithuania's defence and security industry [1][2] - The notes issued under the programme will be guaranteed by the State, with plans to issue up to EUR 55 million in notes in 2025 [1] - Luminor Bank AS Lithuanian branch is the arranger of the programme, responsible for the offering of the notes and their admission to trading on the Nasdaq Vilnius stock exchange [2]

Group 1: Launch of Sunplussa - Rasol Oy, a subsidiary of Meriaura Group, has launched 'Sunplussa', a smart energy management solution that integrates local energy production, storage, and consumption control for properties [1][2] - The system includes solar panels and battery storage tailored to the customer's energy consumption profile, connected via a smart control system that manages energy usage [1][2] - The AI-based control system optimizes electricity production, storage, and consumption based on market prices and weather conditions, enabling cost savings by utilizing cheaper electricity hours [2] Group 2: Merger with Summa Defence Oy - Meriaura Group signed a conditional share exchange agreement to acquire Summa Defence Oy, creating a strong group focused on safety and security in Finland, with a significant role for dual-use technology [5] - Following the merger, Meriaura Group's shareholders will hold 11.8% of the new company, Summa Defence Plc, while Summa Defence's shareholders will hold 88.2% [5] Group 3: Business Overview - Meriaura Group operates in two main business areas: Marine Logistics and Renewable Energy [6][9] - The Marine Logistics segment provides low-emission marine transport services, particularly for bulk cargo and renewable energy construction projects in Northern Europe [7] - The Renewable Energy segment focuses on clean energy solutions, including solar power systems for various applications [9]

Core Insights - Meriaura Group's revenue for January-March 2025 increased by 20% year-on-year, reaching EUR 21.4 million, driven by growth in both Marine Logistics and Renewable Energy sectors [2][16][23] - The company announced a conditional transaction to acquire Summa Defence Oy, which will enhance its focus on safety and security supply in Finland, with the new entity named Summa Defence Plc [7][26][39] Financial Performance - Marine Logistics revenue grew by 12% to EUR 17.8 million, attributed to increased ship capacity, while Renewable Energy revenue surged by 83% to EUR 3.6 million due to a rise in project numbers [2][16][23] - EBITDA for the group improved to EUR 1.4 million, representing 6.8% of revenue, with Marine Logistics contributing EUR 2.3 million and Renewable Energy reporting a loss of EUR 0.9 million [21][22][23] - The operating result (EBIT) was slightly improved at EUR -0.1 million, with Marine Logistics showing a profit of EUR 1.0 million and Renewable Energy at a loss of EUR 1.0 million [22][23] Market Conditions - Demand for dry cargo remained stable despite weaker spot cargo demand, supported by a strong contract base [3][17] - The Renewable Energy sector faced challenges due to slow project deliveries and adverse weather conditions, impacting overall results [4][20] Strategic Developments - The acquisition of Summa Defence Oy is expected to create a robust group focused on dual-use technology, with significant growth potential in the civil and security sectors due to increased defense spending in European NATO countries [8][26] - The transaction will involve the sale of Meriaura's Marine Logistics business to Meriaura Invest Oy, with current shareholders retaining an 11.8% stake in the new company [27][39] Future Outlook - The new Summa Defence Plc is projected to have a revenue estimate of EUR 110-140 million for 2025, based on a confirmed order backlog of around EUR 200 million [29] - The completion of the transaction is anticipated by May 2025, with shares expected to trade on Nasdaq First North Growth Market [40][45]

Meriaura Group Plc Company Announcement 24 April 2025 at 15.30 p.m. (EEST) The Annual General Meeting resolved to adopt the financial statements, which include the consolidated financial statements, for the financial period 1 January 2024–31 December 2024. LOSS SHOWN ON THE BALANCE SHEET AND DETERMINATION OF DIVIDENS PAYMENT The Annual General Meeting resolved that the the loss for the financial year of EUR 12,236,659.36 be carried over to the retained earnings and losses account and that no dividend be pai ...