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's activity report 2022

The main activity of Alexela Energia Teenused AS is the sale of electricity to private consumers together with network service. As of 31.12.2018, 220 Energy Solutions OÜ (the merging company) and Alexela Energia Teenused AS (the merging company) were merged into one company. The merging company continues to operate under the business name Alexela Energia Teenused.

The company had no permanent employees during the 2022 reporting period. No remuneration was also paid to the members of the company's board. The entire supported service is provided by the parent company and is reflected in the price of purchased electricity. 2022 was a challenging year for Alexela Energia Teenused AS, as the volatility of electricity prices continued, which made it difficult to offer the right price to customers, as a result of which the company's profitability suffered. The goal for 2023 is to reduce the number of risks and improve pricing efficiency, but still grow the customer base by offering them electricity packages for which there is high demand. As a result, profitability should improve and equity should recover.

Alexela AS, as the owner of Alexela Energia Teenused AS, has decided to bring the share capital of Alexela Energia Teenused AS into line with the requirements set out in the Commercial Code by 30.06.2023 at the latest. To this end, additional contributions will be made to the share capital as necessary.

The company's main financial ratios:

Indicator 2022 2021 2020

Net profitability -0.80% -0.94% 0.02%

Coverage ratio of short-term liabilities 0.98 1.02 1.12

ROA -3.58% -3.94% 10.21%

Formulas used in calculating ratios:

Net profitability (%): net profit/sales revenue*100

Coverage ratio of short-term liabilities (times): current assets/short-term liabilities

ROA (%): net profit/assets*100