SE announces Financial Policy

03.11.2025
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In the light of high visibility of cash flow and commissioning of the new nuclear unit, Slovenské elektrárne, a.s. (“SE”) and its consolidated subsidiaries (together, the “Group”) in accordance with established market best practices and acting in the interests of the Group’s financial and trading counterparties, has resolved to adopt a financial policy. Under this policy, the Group shall, until further notice, aim to maintain its consolidated adjusted economic net leverage at or below 2.8x, while preserving a sufficient buffer to accommodate market developments and the Group’s evolving circumstances, including the successful completion and safe operation of its nuclear power plants.

Disclaimer

No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this communication or the opinions contained therein.

This communication contains forward-looking statements. All statements other than statements of historical fact included in this communication are forward-looking statements. Forward-looking statements give SE’s current expectations and projections relating to the financial condition, results of operations, plans, targets, objectives, future performance and business of the SE Group. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond control of the Group that could cause the actual results, performance or achievements of the Group to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding present and future business strategies of the Group and the environment in which it will operate in the future. Many factors may cause the Group’s results of operations, financial condition, liquidity, reserves, leverage and the development of the industry in which the Group competes to differ materially from those expressed or implied by the forward-looking statements, some of which are outside of its control. Given these risks and uncertainties, you should not rely on forward-looking statements as a prediction of actual results. These forward-looking statements are not guarantees of future financial performance and actual results of the Group could differ materially from those expressed or implied by these forward-looking statements as a result of many factors, some of which are outside of control of the Group.

The information contained in this communication has not been independently verified and will not be updated. This communication, including but not limited to forward-looking statements, applies only as of the date of this document and is not intended to give any assurances as to future results. The targets and other objectives remain subject to further adjustments without prior notice. SE expressly disclaims any obligation or undertaking to disseminate any updates or revisions to this communication, including any financial data or forward-looking statements, and will not publicly release any revisions it may make to the information contained herein that may consist of or result from any change in SE’s expectations, revised targets or other objectives, any change in events, conditions or circumstances on which these forward-looking statements are based, or other events or circumstances arising after the date of this document.

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