TMM Real Estate Development announces FY 2023 Financial Results

Kyiv, 12 December 2024 - TMM Real Estate Development Public Limited (ISIN: US87260H1041) ("TMM" or the "Company") announces publication of its consolidated financial statements as at 31st December 2023 and for the year then ended. The financial statements were prepared in accordance with IFRS and audited by SPL Audit (Cyprus) Ltd.

Key Financial Highlights:

USD thousands: FY 2023 / FY 2022

Revenue: 19,101 / 3,115
Gross profit: 3,997 / 672
Operating profit / (loss): 2,703 / (1,226)
Profit / (loss) before tax: 2,180 / (2,450)

Profit / (loss) for the year: 2,170 / (2,579)
Total assets: 21,924: 16,948

The audited consolidated financial statements as at 31st December 2023 are published on the Company's website: www.tmm.ua/en/investors

About TMM:

TMM Real Estate Development Public Limited carries out its main activities through its wholly owned subsidiary, "T.M.M."-Ltd., Ukraine. "T.M.M."-Ltd. is a leading Ukrainian real estate development and construction company delivering residential, office, and commercial real estate projects in Kyiv, Kharkiv, and other regions. During its history, the company has completed over 30 projects totalling to around 750 thousand sq m.

For further questions, please contact:

Galyna Posypailo
Investor Relations Manager
[e-mail]
Tel: [phone]

Larysa Chyvurina
Chief Financial Officer
[e-mail]
Tel: [phone]

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy or acquire any securities of TMM Real Estate Development Public Limited or any of its subsidiaries in any jurisdiction or an inducement to enter into investment activity. Certain statements in this news report are forward-looking statements and, as such, are based on the management's current expectations and are subject to uncertainty and changes in circumstances.