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Registration number: 13808150 (England and Wales)

Xometry UK LTD.
Annual Report and Financial Statements
for the Year Ended 31 December 2024

Xometry UK Ltd.

Contents

Company Information | 1
Directors' Report | 2
Statement of Directors' Responsibilities | 3
Independent Auditor's Report | 4 to 7
Profit and Loss Account | 8
Balance Sheet | 9
Statement of Changes in Equity | 10
Notes to the Financial Statements | 11 to 17

Xometry UK Ltd.

Company Information

Directors | Mr J A Miln Mr R B Altschuler Mr D Kafidov

Registered office | Floor 2, Suite 3 The Outset Sankey Street Warrington Cheshire WA1 1NN

Auditors | KNAV Limited Statutory AuditorsHygeia Building Ground Floor 66-68 College Road Harrow Middlesex HA1 1BE

Xometry UK Ltd.

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the Company

The directors who held office during the year were as follows:

Mr J A Miln (appointed 21 November 2024)

Mr R B Altschuler

Mr D Kafidov

Mr J M Rallo (resigned 1 March 2024)

Principal activity

The principal activity of the Company is operating an AI-enabled marketplace for on-demand manufacturing. The platform connects customers with manufacturing suppliers across a range of industries

Going concern

The financial statements have been prepared on a going concern basis. The Company is a wholly owned subsidiary of the Xometry Inc. Its funding and liquidity are managed at a group level. The directors have considered the financial position of the Company and the ongoing support available from the parent undertaking, which has confirmed that it will provide financial assistance as required for at least twelve months from the date of approval of these financial statements. On this basis, the directors are satisfied that the Company will be able to meet its liabilities as they fall due.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the Company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Reappointment of auditors

In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of KNAV Limited as auditors of the Company is to be proposed.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

This report was approved by the Board on 6 March 2026 and signed on its behalf by:

......................................... Mr D Kafidov Director |  |

Xometry UK Ltd.

Statement of Directors' Responsibilities

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to:

• | select suitable accounting policies and apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Xometry UK Ltd.

Independent Auditor's Report to the Members of Xometry UK Ltd.

Opinion

We have audited the financial statements of Xometry UK Ltd. (the 'Company') for the year ended 31 December 2024, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• | give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the year then ended;
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
• | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Xometry UK Ltd.

Independent Auditor's Report to the Members of Xometry UK Ltd. (continued)

• | the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• | the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
• | the financial statements are not in agreement with the accounting records and returns; or
• | certain disclosures of directors' remuneration specified by law are not made; or
• | we have not received all the information and explanations we require for our audit; or
• | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 3], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Xometry UK Ltd.

Independent Auditor's Report to the Members of Xometry UK Ltd. (continued)

We design our procedures so as to obtain sufficient appropriate audit evidence that the financial statements are not materially misstated due to non-compliance with laws and regulations or due to fraud and error.
We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. The primary responsibility for prevention and detection of fraud rests with both those charged with governance of the entity and management.
Based on our understanding of the Company and the industry, discussions with the management, we identified Companies Act 2006, Employment laws, Financial Reporting Standard 102 and UK taxation legislation as having a direct effect on the amounts and disclosures in the financial statements.
As part of the engagement team discussion about how and where the Company's financial statements may be materially misstated due to fraud, we did not identify any area with an increased risk of fraud.
Our audit procedures included:
- enquiry of management about the Company's policies, procedures and related controls regarding compliance with the laws and regulations and if there are any known instances of non-compliance;
- examining supporting documents for all material balances, transactions and disclosures;
- review of the minutes of the meetings conducted by the Board of Directors;
- enquiry of management of legal matters during the year and use of legal firms thereof;
- evaluation of the selection and application of accounting policies related to subjective measurements and complex transactions;
- testing the appropriateness of journal entries recorded in the general ledger and other adjustments made in the preparation of the financial statements; and
- review of accounting estimates for biases
Owing to the inherent limitations of an audit there is an unavoidable risk that some material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with ISAs (UK).
The potential effects of inherent limitations are particularly significant in case of misstatement resulting from fraud because fraud may involve sophisticated and carefully organised schemes designed to conceal it, including deliberate failure to record transactions, collusion or intentional misrepresentations being made to us.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Xometry UK Ltd.

Independent Auditor's Report to the Members of Xometry UK Ltd. (continued)

Use of our report

This report is made solely to the Company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

...............................................................................
Kalbinder Sanghera (Senior Statutory Auditor)
For and on behalf of KNAV Limited, Statutory Auditor
Hygeia Building
Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

9 March 2026
2026-14-UK

Xometry UK Ltd.

Profit and Loss Account for the Year Ended 31 December 2024

| Note | 2024 £ | 2023 £
Turnover |  | 6,383,333 | 2,872,492
Cost of sales |  | (6,031,352) | (2,710,083)
Gross profit |  | 351,981 | 162,409
Administrative expenses |  | (2,410,622) | (1,784,414)
Other operating income |  | 2,293,661 | 1,650,295
Operating profit |  | 235,020 | 28,290
Profit before tax | 5 | 235,020 | 28,290
Taxation |  | (129,937) | (22,015)
Profit for the financial year |  | 105,083 | 6,275

Xometry UK Ltd.

(Registration number: 13808150) (England and Wales)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 6 | 81,211 | 101,811
Current assets |  |  |
Stocks | 7 | 259,104 | 77,736
Debtors | 8 | 1,294,748 | 792,720
Cash at bank and in hand |  | 776,405 | 306,250
|  | 2,330,257 | 1,176,706
Creditors: Amounts falling due within one year | 9 | (2,242,088) | (1,214,220)
Net current assets/(liabilities) |  | 88,169 | (37,514)
Net assets |  | 169,380 | 64,297
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | 169,379 | 64,296
Shareholders' funds |  | 169,380 | 64,297

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the Board on 6 March 2026 and signed on its behalf by:

......................................... Mr D Kafidov Director |  |

Xometry UK Ltd.

Statement of Changes in Equity for the Year Ended 31 December 2024

| Share capital £ | Retained earnings £ | Total £
At 1 January 2023 | 1 | 58,021 | 58,022
Profit for the year | - | 6,275 | 6,275
At 31 December 2023 | 1 | 64,296 | 64,297

| Share capital £ | Retained earnings £ | Total £
At 1 January 2024 | 1 | 64,296 | 64,297
Profit for the year | - | 105,083 | 105,083
At 31 December 2024 | 1 | 169,379 | 169,380

Xometry UK Ltd.

Notes to the Financial Statements for the Year Ended 31 December 2024

1 | General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Floor 2, Suite 3 The Outset
Sankey Street
Warrington
Cheshire
WA1 1NN
United Kingdom

These financial statements were authorised for issue by the Board on 6 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentation currency is Pound Sterling (£), being the currency of the primary economic environment in which the company operates. The amounts are presented rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis. The Company is a wholly owned subsidiary of the Xometry Inc. Its funding and liquidity are managed at a group level. The directors have considered the financial position of the Company and the ongoing support available from the parent undertaking, which has confirmed that it will provide financial assistance as required for at least twelve months from the date of approval of these financial statements. On this basis, the directors are satisfied that the Company will be able to meet its liabilities as they fall due.

Xometry UK Ltd.

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

Revenue recognition

Revenue represents amounts receivable for sale of custom manufactured industrial parts through the Group’s digital marketplace platform, net of discounts, rebates and value added tax.
Revenue is recognised when control of the manufactured goods transfers to the customer, which is generally upon delivery of the parts to the customer in accordance with the agreed shipping terms.
The Company generally acts as principal in the transaction as it controls the order fulfilment process, sets the price charged to the customer and is responsible for customer support and quality assurance. Accordingly, revenue is recognised at the gross amount charged to customers, with amounts payable to manufacturing partners recognised within cost of sales.
Any advance payments received from customers prior to completion of the order are recognised as deferred revenue and recognised as revenue when the related performance obligations are satisfied.

Other income

Other income includes sales and marketing income earned from providing services to the parent company, such as advertising and promotional activities. The income is recognised when the services are rendered, in line with the accrual basis of accounting, and is measured at the fair value of the consideration received or receivable. In the case of related party transactions, the Company ensures that pricing reflects fair market value and complies with transfer pricing regulations.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the Balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Xometry UK Ltd.

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture and office equipment | 7 years
Plant equipment | 5 years
IT equipment | 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Goods-in-transit are recognised as inventory until they have been acknowledged as delivered and received by the customer.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Xometry UK Ltd.

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

Share based payments

The Company recognises the goods or services received or acquired in a share-based payment transaction when it obtains the goods or as the services are received. The Company recognises a corresponding increase in equity if the goods or services were received in an equity-settled share-based payment transaction, or a liability if the goods or services were acquired in a cash-settled share-based payment transaction.
The Company, within a group, settling a share-based payment transaction when another entity in the group receives the goods or services recognises the transaction as an equity-settled share-based payment transaction only if it is settled in its own equity instruments. Otherwise, the transaction is recognised as a cash-settled share-based payment transaction.

Financial instruments

Classification
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.
Recognition and measurement
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.
Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms of financed at a rate of interest that is not a market rate or in case of an out-right short term loan not at a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss in recognised in the Profit and loss account.
For financial assets measured as amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discounted rate for measuring any impairment loss is the current effective interest rate determined under the contract.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3 | Staff numbers

The average monthly number of persons employed by the Company (including directors) during the year, was 16 (2023: 14).

Xometry UK Ltd.

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

4 | Directors' remuneration

The directors of the Company received no remuneration during the current year (Year ended 31 December 2023: £Nil).

5 | Profit before tax

Arrived at after charging/(crediting)

| 2024 £ | 2023 £
Depreciation expense | 28,394 | 25,630
Share based payment expense | 191,033 | -

6 | Tangible assets

| Furniture and office equipment £ | Plant equipment £ | IT equipment £ | Total £
Cost or valuation
At 1 January 2024 | 45,446 | 66,416 | 22,101 | 133,963
Additions | - | 3,497 | 4,297 | 7,794
At 31 December 2024 | 45,446 | 69,913 | 26,398 | 141,757
Depreciation
At 1 January 2024 | 6,953 | 16,441 | 8,758 | 32,152
Charge for the year | 6,492 | 13,516 | 8,386 | 28,394
At 31 December 2024 | 13,445 | 29,957 | 17,144 | 60,546
Carrying amount
At 31 December 2024 | 32,001 | 39,956 | 9,254 | 81,211
At 31 December 2023 | 38,493 | 49,975 | 13,343 | 101,811

7 | Stocks

| 2024 £ | 2023 £
Finished goods | 38,408 | 77,736
Goods-in-transit | 220,696 | -
| 259,104 | 77,736

Work-in-progress in the previous year amounting to £73,673 have been reclassified to finished goods to align with the current year’s classification.

Xometry UK Ltd.

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

8 | Debtors

| 2024 £ | 2023 £
Trade debtors | 1,229,882 | 745,580
Other debtors | 43,444 | 29,774
Prepayments | 21,422 | 17,366
| 1,294,748 | 792,720
Less non-current portion | (20,175) | (20,175)
| 1,274,573 | 772,545

Non-current | 2024 £ | 2023 £
Other debtors | 20,175 | 20,175
| 20,175 | 20,175

Rent deposit of previous year amounting to £20,175 have been reclassified to non-current other debtors to align with the current year’s classification.

9 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 122,939 | 154,880
Amounts owed to group undertakings | 1,246,326 | 733,580
Other creditors | 30,640 | -
Corporation tax payable | 151,952 | 22,015
Taxation and social security | 102,292 | 94,154
Accruals and deferred income | 587,939 | 209,591
| 2,242,088 | 1,214,220

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

10 | Related party transactions

The Company has taken advantage of the exemptions available in FRS 102 section 1A from disclosing related party transactions with other companies that are wholly owned within the Group.

Xometry UK Ltd.

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

11 | Parent and ultimate parent undertaking

The immediate and ultimate parent is Xometry, Inc., a company registered in USA. The registered office is Delaware, 6116 Executive Blvd, Suite 800, North Bethesda, MD 20852, USA.
The copies of the consolidated financial statements of the parent can be obtained from https://investors.xometry.com/financials/annual-reports.