ACOMO N.V. ANNUAL

Capital management

3.2 Capital risk management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to ensure the continued financing of the trading activities, to provide adequate long-term returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cost of capital. In order to maintain or adjust the capital structure, the Company may adjust the dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt. The Company monitors capital on the basis of the solvency ratio. This ratio is calculated as total equity divided by total assets. During 2024, the Company’s objective, which was unchanged from the previous year, was to maintain the solvency ratio at a minimum of 30% and preferably around 40%. The solvency ratios as at 31 December 2024 and 2023 were as follows: Solvency 31 December 2024 31 December 2023 Total equity 439,659 407,101 Total assets 867,854 747,613 Solvency ratio 50.7% 54.5% Based on the strong cash position of the Group, the available credit facilities, the solvency ratio and the Group’s ability to meet its obligations without substantial restructuring or selling of its assets in the normal course of business, the Group’s financial statements have been prepared assuming a going concern.