We are pleased to announce that on November 28, 2024, the InnovaChile Committee approved the subsidy agreement for the execution of an innovation project submitted by our company. The project will be developed by Fexpa S.A. in collaboration with the University of Santiago, through its Department of Mechanical Engineering. With this research, the company aims to optimize the metallurgical performance of exothermic sleeves using both experimental tools and numerical simulation. FINANCIAL STATEMENTS OF THE COMPANY Statement of Financial Position as of December 31, 2024 ASSETS Cash in Hand and Banks $260,784,480 Accounts Receivable $115,360,062 Allowance for Doubtful Accounts $27,612,768 Trade Debtors $142,972,830 Inventories Raw Materials $56,732,244 Finished Products $40,109,045 Total Inventories $96,841,289 Tax Assets $39,929,567 Total Current Assets $540,528,166 Land $167,026,489 Real Estate $450,091,103 Infrastructure $58,335,248 Machinery $315,597,358 Vehicles $116,347,853 Computer Equipment $831,609 Accumulated Depreciation ($766,405,835) Net Fixed Assets $341,823,825 Other Financial Assets $4,611,961 Total Non-Current Assets $346,435,786 Total Assets $886,963,952 LIABILITIES AND EQUITY Accounts Payable $176,835,301 Taxes Payable $18,617,200 Accrued Expenses $93,092,070 Total Current Liabilities $288,544,571 Other Accounts Payable $90,303,703 Long-Term Provisions $202,244,168 Total Non-Current Liabilities $292,547,871 Total Liabilities $581,092,442 Capital $100,000,000 Revaluations and Others $97,057,243 Retained Earnings (Losses) $28,885,208 Total Equity $225,942,451 Total Liabilities and Equity $225,942,451 INCOME