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Crown Energy: Three month report, January-March 2025

FIRST QUARTER – JANUARY-MARCH 2025
Turnover amounted to SEK 9,706 thousand (8,172).
Operating profit was SEK -43,443 thousand (-19,133).
Net financial items amounted to SEK 23,919 thousand (-31,334).
Unrealised changes in the value of properties amounted to SEK -13,925 thousand (-163).
Profit/loss before tax was SEK -19,524 (-50,467) thousand, and profit/loss after tax amounted to SEK -11,824 (-40,244) thousand.
Profit/loss attributable to owners of the parent company amounted to SEK -9,438 thousand (-38,080) corresponding to SEK -0.02 (-0.08) per share.

EVENTS DURING THE REPORTING PERIOD JANUARY-MARCH 2025
Following the approval to list on NGM Nordic SME, Crown Energy successfully transitioned from NGM Main Regulated, and on 13 January 2025, the company had its first day of trading on NGM Nordic SME.

EVENTS AFTER THE PERIODS END
At an extraordinary general meeting in September 2024, minority shareholders voted to appoint a special examiner, leading to the Swedish Companies Registration Office appointing one. Crown Energy appealed the decision on the basis that a Gothenburg based examiner was appointed and a Stockholm based examiner would be more practical, but the Administrative Court in Härnösand has now rejected the appeal, and the examination may proceed. Crown Energy will cooperate fully with the special examiner.In the second quarter of 2025, Crown Energy received an additional USD 8 million in accordance with the agreement for the sale of the Company's oil assets signed in October 2021. Crown Energy has now received a total of USD 131 million.On 1 April 2025, Crown Energy announced changes in the management and board of its subsidiary AccYouRate Group S.p.A. as part of a strategic transition from pilot projects to large-scale commercialisation. Boris Tuzza was appointed as the new CEO, bringing extensive experience from the technology sector. A new board was also appointed to support the company’s next phase of development.

CEO STATEMENT
I can conclude that 2024 marked a transformative year for Crown Energy, as we advanced our strategic focus on sustainable investments and laid the foundation for long-term value creation through our core business areas. This continued throughout the first quarter with efforts made in the process of commercialization of AccYouRate, continued development in our Angolan operations, and deepening collaboration with KAYA Climate Solutions.
As only a short time has passed since the publication of our Annual Report 2024, there are no significant new developments to highlight at this stage that was not communicated there. For a comprehensive overview of our strategy and communicated business director, I encourage you to consult the Annual Report, where we have outlined our direction in detail.
We continue to work actively on the opportunities and priorities set out there and look forward to updating you further as the year progresses.
Yoav Ben-Eli
CEO, Crown Energy AB

About Crown Energy
Crown Energy is transforming into a new and more socially responsible business direction, with focus on the medical technology industry and on improving the green footprint by way of investing in companies active in those areas.

The investment into the Healthtech company AccYouRate marked the start of the new Crown Energy in early 2023. AccYouRate holds high-tech patents and creates algorithms to support production of ‘smart’ wearable garments for use in the medical industry as well as services such as analysis, data gathering and extrapolations of medical information and growth of medical databases.

Crown has in early 2024 entered a strategic partnership with KAYA Climate Solutions GmbH, a project developer in nature-based solutions for climate change mitigation in Sub-Saharan Africa. This collaboration aims to be a starting point for large impact in climate change mitigation and adaptation through landscape restoration and nature conservation which will be financed by the voluntary carbon market and similar mechanisms.

The business area Asset Development and Management based in Angola is providing international companies Real estate and services. Crown Energy has been active in the oil and gas business for more than 10 years. Today the only remaining asset in the energy field is a passive holding of energy reserves which following the signing of a sale and purchase agreement is being divested. Crown has withdrawn from and/or written down its other earlier Licence holdings.