Oceansix Announces Full-Year 2023 Financial Results

EQS-News: oceansix future paths Ltd. / Key word(s): Annual Report/Annual
Report
Oceansix Announces Full-Year 2023 Financial Results

01.05.2024 / 19:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

For immediate release

Oceansix Announces Full-Year 2023 Financial Results

Tel Aviv, Israel, May 01, 2024 - Oceansix Future Paths Ltd. ("Oceansix" or
the "Company"), a leader in sustainable technology and manufacturing, today
announced its financial results for the year ended December 31, 2023. The
Company is publicly traded on the TSX Venture Exchange (TSXV: OSIX), the New
York OTCQB (AKMYF), and the Frankfurt Stock Exchange (WKN: A3EFB0).

Annual Financial Highlights:

  * Sales Growth: Significant growth of sales in our key subsidiary, Flome,
    showcasing strong market performance and product demand.

  * Bottom Line Improvement: Adjusted bottom line shows considerable
    progress, factoring in recoverable impaired amounts and other incomes.

  * E-commerce Focus: The e-commerce project remains central to our
    strategy, with promising updates expected soon.

  * Shareholder Support: Strong commitment from existing shareholders to
    support and expand their stakes in the company, underlining confidence
    in our growth trajectory.

Financial Statements and Detailed Analysis

The full consolidated financial statements and the related Management
Discussion and Analysis (MD&A) for the year ended December 31, 2023, are
available on the Company's website at www.oceansix.com and under the
Company's profile on SEDAR at www.sedar.com. All financial figures are in
United States dollars unless otherwise stated.

Teams Call Invitation

oceansix invites shareholders and interested parties to join a webinar
detailing the financial results and discussing future prospects. The webinar
will be held on:

* Date: Wednesday, May 8, 2024

* Time: 10:00 AM EST / 16:00 CEST

* Join Here: Webinar Link

About oceansix

oceansix is a global innovator focused on sustainable solutions through
waste-to-product technology. With operations spanning multiple continents,
the Company is dedicated to advancing environmental sustainability while
delivering economic growth and shareholder value.

Disclaimer

This release may contain forward-looking statements and information which
may be identified by formulations using terms such as "expects", "aims",
"anticipates", "intends", "plans", "believes", "seeks", "estimates" or
"will". Such forward-looking statements are based on our current
expectations and certain assumptions, which may be subject to a variety of
risks and uncertainties. The results actually achieved by oceansix future
paths Ltd. may substantially differ from these forward-looking statements.
oceansix future paths Ltd. assumes no obligation to update these
forward-looking statements or to correct them in case of developments, which
differ from those, anticipated.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the TSX Venture Exchange's policies) accepts
responsibility for the adequacy or accuracy of this release.

Best regards

Elad Hameiri, CEO | +34 673 435 571 oceansix future paths Ltd
Investor Relations

RB Milestone Group LLC (RBMG) oceansix@rbmilestone.com


---------------------------------------------------------------------------

01.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

1893691 01.05.2024 CET/CEST