Loulis Food Ingredients S A : Semi-Annual Financial Report for the period ended June 30,2022

LOULIS FOOD INGREDIENTS Α.Ε.

SEMI-ANNUAL FINANCIAL REPORT FOR THE PERIOD ENDED JUNE 30

(According to the Article 5 of Law 3556/2007)

LOULIS FOOD INGREDIENTS Α.Ε.

General Commercial Registry 50675444000

Loulis Port, 370 08,

Sourpi Magnesia

www.loulis.com

		Table of Contents..........................................................................................	3
Statement of Representatives of the Board of Directors
Interim Report of the Board of Directors ....................................................................................................................	4
Interim Financial Statements ......................................................................................................................................	23
1.	Interim Statement of Financial Position................................................................................................................	23
2.	Interim Statement of Comprehensive Income.....................................................................................................	24
3.	Interim Statement of Changes in Equity...............................................................................................................	25
	3.1	Group ..................................................................................................................................................................	25
	3.2	Company.............................................................................................................................................................	26
4.	Interim Cash Flow Statement.................................................................................................................................	27
5.	Segment Reporting ..................................................................................................................................................	28
	5.1	Product segments..............................................................................................................................................	28
6.	Notes on the Financial Statements ........................................................................................................................	30
	6.1	General Information..........................................................................................................................................	30
	6.2	Group's Structure ..............................................................................................................................................	30
	6.3	Context of Preparation of the Financial Statements.....................................................................................	31
	6.4	Accounting Principles Applied ..........................................................................................................................	34
	6.5	Significant Estimates by Management............................................................................................................	42
7.	Analysis of the Financial Statements.....................................................................................................................	45
	7.1. Property, Plant, Equipment & investment Property ....................................................................................	45
	7.2	Right of Use Assets and Leases ......................................................................................................................	46
	7.3	Other Intangible Assets ....................................................................................................................................	47
	7.4	Trade Receivables .............................................................................................................................................	47
	7.5	Other Current Assets ........................................................................................................................................	48
	7.6	Long-termand Short-termBorrowings ..........................................................................................................	48
	7.7	Trade Payables ..................................................................................................................................................	49
	7.8	Accrued & Other Current Liabilities ................................................................................................................	49
	7.9	Earnings per Share (basic & diluted)..............................................................................................................	49
8.	Financial Risk Management - Objectives & Perspectives...................................................................................	50
	8.1	Financial Instruments .......................................................................................................................................	50
	8.2	Financial Risk Factors........................................................................................................................................	51
9.	Other Information ....................................................................................................................................................	53
	9.1	Shares of LOULIS FOOD INGREDIENTS S.A. ................................................................................................	53
	9.2	Main Exchange Rates for the Balance Sheet and Profit & Loss Account Results.....................................	53
	9.3	Comparative Information .................................................................................................................................	53
	9.4	Existing Encumbrances.....................................................................................................................................	53
	9.5	Litigation and Arbitration Cases ......................................................................................................................	53
	9.6	Number of Employed Personnel......................................................................................................................	53
	9.7	Transactions with Related Parties...................................................................................................................	53

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9.8	Income Tax ........................................................................................................................................................	55
9.9	Capital Expenditure ...........................................................................................................................................	55
9.10	Contingent Liabilities/Receivables.................................................................................................................	55
9.11	Approval of Financial Statements .................................................................................................................	56
9.12	Notes on Future Events..................................................................................................................................	56

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Statement of Representatives of the Board of Directors

(Pursuant to article 4, par. 2 of Law 3556/2007)

The herein below members of the Board of Directors of LOULIS FOOD INGREDIENTS SA:

1. Mr Nikolaos K. Loulis - Chairman of the Board of Directors,

2. Mr Nikolaos S. Fotopoulos - Chief Executive Officer,

3. Ms Kapelanou-Aleksandri S. Elizabeth - Member of the Board of Directors, specifically appointed as per today's decision of the Company's Board of Directors (29 September 2022),

DO HEREBY DECLARE THAT

To the best of our knowledge:

a. The attached Interim Financial Statements for the Company and the Group, which have been prepared in accordance with the applicable Accounting Standards, fairly represent the information in the assets and liabilities, the equity and operating results for LOULIS FOOD INGREDIENTS SA, as well as the companies included in the consolidation as a whole and

b. the Interim Report of the Board of Directors fairly represents the development, performance and position of LOULIS FOOD INGREDIENTS SA, as well as of the consolidated companies as a whole, including of the description of the main risks and uncertainties that they face.

The Chairman of the BoD

The Chief Executive Officer

The BoD Member

NIKOLAOS K. LOULIS	NIKOLAOS S. FOTOPOULOS	ELIZABETH S. KAPELANOU -
		ALEKSANDRI

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