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's activity report 2022

Marine Energy Solutions OÜ was established in March 2016. By the time of submitting the annual report, the company has been operating for over 7 years.

The company's main activity during the reporting period was the supply of fuel to marine vessels, as well as the provision of maritime transport services for the transportation of petroleum products to third parties.

Marine Energy Solutions OÜ's net turnover for the 2022 financial year amounted to 102,476,494 EUR and the result of economic activity was positive and the profit amounted to 10,318,023 EUR.

In the 2022 financial year, Marine Energy Solutions OÜ had 7 salaried employees and a board member, and board members were paid in 2022.

Salaries were paid during the financial year.

No transactions with the company's shares took place during the reporting period.

The existence of long-term contracts with both buyers and suppliers of deliverable products provides stability and predictable results for economic activity.

Despite dramatic market turbulence, the company was able to fulfill its contractual obligations for the entire 2022 period and also successfully maintain contracts for 2023.

At the time of submitting this report, the company has been operating well over 10 months after the reporting period and considering the existence of current annual contracts with both buyers and suppliers, it confidently continues its activities at least until the end of this year.

The preliminary assessment of economic results from the end of the reporting period to the date of submission of the report confirms the company's very good economic situation in the absence of significant risks.

No research and development activities and related costs occurred during the reporting period and until the completion of the report and are not planned.

Objectives for the next financial year

The main task for the upcoming period is to maintain the achieved market position, systematically reduce the level of costs, increase the capitalization of the company and enter new markets.

The general development of macroeconomic conditions confirmed the correctness of the strategy chosen for the development of the company's activities.

Main financial ratios 2022 2021 2020

Sales revenue (thousand euros) 102,477 33,625 21,276 a. Revenue growth 205% 58% 17%

Net profit (thousand euros) 10,318 - 844 536 b. Profit growth 1,322% - 257% 221% c. Net profitability 10% - 3% 2% d. ROA 98% - 21% 22% e. ROE 112% - 102% 2%

Formulas used in calculating ratios: a. Revenue growth (%) = (sales revenue 2008 - sales revenue 2007)/ sales revenue 2007 * 100 b. Profit growth (%) = (net profit 2008 - net profit 2007)/ net profit 2007 * 100 c. Net profitability (%) = net profit/ sales revenue * 100 d. ROA (%) = net profit/ total assets * 100 e. ROE (%) = net profit/ total equity * 100