Current Report No. 29/2025
With reference to the current report No. 14/2025 of 29 May 2025 and earlier reports on the VAT audit of Boryszew SA Boryszew ERG Branch the period December 2015 and January – March 2016, Boryszew S.A.. (Issuer, Company) advises that following the completion today, i.e. 27 October 2025, review of the status of tax proceedings of the Company, carried out for the preparation process of the separate and consolidated report for the third quarter of 2025, the Company reassessed the risks associated with these proceedings.
The reasoning in the written substantiation of the judgment of the Provincial Administrative Court of 28 May 2025, questioning the tax authority’s ability to consider transactions of intra-Community delivery of goods as domestic transactions and tax them at 23% instead of the 0% rate applied by the Company (regardless of the cassation appeals filed by both parties) is, in the Issuer’s opinion, a justification for the Company’s position that the likelihood of materialisation of a negative outcome for the Company in these proceedings with respect to intra-Community supply of goods is low. Therefore, as a result of the assessment, the Issuer decided to correct the liability to the tax authority recognised earlier in the total amount of PLN 22.4 million and recognise it in the financial statements for Q3 ‘2025.
At the same time, the Issuer advises that as of the date of this current report, preparation of the Group’s separate and consolidated financial statements for the third quarter of 2025, scheduled for publication on 19 November 2025, is still in progress.
Legal grounds:
Article 17 section 1 MAR – Confidential information.
Signatures:
Wojciech Kowalczyk – President of the Management Board
Translation from the original Polish version.
In the event of differences resulting from the translation, reference should be made to the official Polish version.