Earnings per share are calculated by dividing net income for the period attributable to NORMA Group’s shareholders by the weighted average number of shares issued during the period under review. NORMA Group has only issued common shares.

As of December 31, 2022, and 2021, there were no dilutive effects on earnings per share.

Earnings per share in 2022 and 2021 were as follows:

Earnings per share

T080

2022

2021

39,068

55,933

31,862,400

31,862,400

1.23

1.76

Legend

These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.