Termination by mutual agreement of the parties with the entity authorized to audit financial statements
With reference to report no. 14/2025 of 10 April 2025, the Management Board of Budimex SA informs that on 12 May 2025 it terminated the contract with the current audit firm – Ernst & Young Audyt Polska Spółka z ograniczoną odpowiedzialnością Sp. k.concluded on 14 August 2024, the subject of which was to review the financial statements of Budimex SA and the consolidated financial statements of the Budimex Group for the periods of 6 months of 2024, 2025 and 2026 and to audit the financial statements of Budimex SA and the consolidated financial statements of the Budimex Group for the financial years 2024, 2025 and 2026. The agreement was terminated in the part concerning the audit of annual statements and consolidated financial statements for the financial years ended 31 December 2025 and 31 December 2026.
The above-mentioned agreement was terminated with the consent of the Supervisory Board of Budimex SA on the basis of the authorisation granted to the Management Board in connection with the change of the audit firm made by Ferrovial SE – the parent company of Budimex SA and in connection with the selection by the Supervisory Board of Budimex SA on 10 April 2025, on the basis of the recommendation of the Audit Committee, of a new entity authorised to audit financial statements, which the Company informed about in the above-mentioned report No. 14/2025 of April 10, 2025.
The Management Board of Budimex SA informs that during the performance of the agreement with Ernst & Young Audyt Polska Spółka z ograniczoną odpowiedzialnością Sp. k., which was terminated by mutual agreement, there were no differences of opinion on the application of accounting principles, audit standards, sustainability reporting standards, or sustainability reporting validation standards.
There were also no cases of qualified opinions, negative opinions or refusal to express opinions in the reports on the audit of the financial statements of Budimex SA or the consolidated financial statements of the Budimex Group.
There were also no cases of expressed in the reports on the review of the condensed financial statements of Budimex SA or the condensed consolidated financial statements of the Budimex Group any qualified conclusions, negative conclusions or refusal to express conclusions.
There were also no discrepancies as to the interpretation and application of the law or the provisions of the Articles of Association concerning the subject and scope of the audit, review or other services that would take place between the managing persons and the statutory auditor who performed the audit, review or other services concerning the financial statements of Budimex SA or the consolidated financial statements of the Budimex Group during the term of the agreement.
Attached to this report is a letter from the audit firm, i.e. Ernst & Young Audyt Polska Spółka z ograniczoną odpowiedzialnością Sp. k., addressed to the Commission, explaining the reasons for the termination of the contract.
https://budimex.pl/app/uploads/2025/05/Budimex-SA_notyfikacja-KNF-o-rozwiazaniu-umowy-audytowej_final.pdf
