Scanway Spolka Akcyjna · GPW:SCW
Scanway Spolka Akcyjna — Scanway — Investor Presentation (February 2026)
37 slides from Scanway Spolka Akcyjna's investor presentation, February 2026
Slide 1: Scanway S.A. Investor presentation February 2026
Scanway S.A. Investor presentation |Februar y 2026
Slide 2: Agenda
Agenda About Scanway 3 Space market 8 Financial results 13 Selected projects 19 Strategy 2026 –2028 29 33 Summary
Slide 3: About Scanway
SCANWAY. ‘Seanway S.A. | Investor presentation
Slide 4: We are experts in optical data processing
We have developed complete We specialize in the optical processing optoelectronic products chain: Acquisition, Processing , Analysis , for Earth Observation Prediction (APAP) In the Space area , we provide both In the Industry area , we offer solutions hardware solutions: optical based on image data
Slide 5: Competitive advantages
Flight heritage Production capacity High resolutio n 11 products launched for optical instruments imaging even below into space 50 -450 mm 1m per pixel Team of > 9 0 experts Approximately 400 m2 New Space about 80% of staff of laboratory-workshop area, global reach, speed are engineers with dedicate
Slide 6: New Space built globally
2 2 2 16 2 2 New Space built globally +35 customers and partners Cooperation with leaders Secure supply chain worldwide, including: ICEYE, i.a. a space mission with focused on domestic and Marble Imaging, Nara Space Intuitive Machines from the US European players
Slide 7: Warsaw Stock Exchange
Shareholding structure (as of 16 February 2026) 15,27% WSE debut planned for Q1/Q2 2026 Jędrzej Kowalewski Family Foundation registration document already submitted PGE Ventures sp. z o.o. to the Polish Financial Supervision Authority 11,06% TFI PZU SA 5,98% Norges Bank* 63,12% 2,39% 2,18% Other Man
Slide 8: Space market
SCANWAY. Sa Space market ‘Seanway S.A. | Inve
Slide 9: Small satellite market – below 500 kg (Novaspace)
Small satellite market – below 500 kg (according to Novaspace ) Excluding mega -constellations (including Starlink, where the weight of the new V2 Mini, V2 and V3 versions exceeds 500 kg) 2014-2023 2024 -2033 Average number of satellites 400 1 398 lifted per year 55 kg Average satellite mass 92 kg 2
Slide 10: Small satellite market – below 1,200 kg (BryceTech)
Small satellite market – below 1,200 kg (according to BryceTech ) Number of satellites launched in 2015–2024 3000 2 860 2 000 000 ▪ More than 10-fold increase in 2 790 small satellite launches in a decade. In 2024, small satellites accounted 1 800 000 for 97% of launches, including 2 433 2500 81% of
Slide 11: Small satellite market – below 1,200 kg (BryceTech)
Small satellite market – below 1,200 kg (according to BryceTech ) Mass of launched satellites (after excluding Starlink and OneWeb)in 2015–2024 ▪ The increase in technical and 7% 5% 6% 5% operational capabilities of 9% 10% 11% 16% 17% 4% 9% 6% 16% microsatellites (11-200 kg) and 10% minisatellites (
Slide 12: Polish contribution to ESA
Polish contribution to ESA (European Space Agency) During the CM25, Poland declared its contribution to the ESA for 2026 -2028 in the record amount of EUR 731 million Polish contribution to ESA, optional programs [million EUR] ▪ With a contribution declaration of EUR 22,1 billion (+31% vs CM22) EUR
Slide 13: Financial results
Financial results
Slide 14: Executive summary Q4 2025
Executive summary Q4 2025 [ Selected projects ] REVENUES ▪ The Polish CAMILA constellation will image the Earth using Scanway telescopes , an executive agreement worth approx . EUR 3.55 million was signed in October (two optical telescopes), with the potential to increase to approximately EUR 4.40 m
Slide 15: Q4 2025 Summary
Q4 2025 Summary Total revenue [millionPLN] PLN -0.89m PLN -1.90m EBITDA EBIT 8,32 PLN -1.97m PLN 54.04m 4,06 Net profit Backlog as of 7,73 16.02.2026 3,81 ▪ More than doubled total revenues y/y 0,24 0,59 ▪ High growth of +105%y/y as result of progress in ongoing projects, especially Q4 2024* Q4 2025
Slide 16: FY 2025 Summary
FY 2025 Summary Total revenue [millionPLN] PLN 2.18m PLN -1.69m 24,29 EBITDA EBIT 12,51 22,35 PLN -1.81m PLN 25.52m Net profit Cash balance as of 31.12. 2025 10,30 ▪ Total revenues after 12 months of 2025 nearly doubled y/y 2,20 1,94 ▪ The high 94% y/y increase in total revenues was particularly inf
Slide 17: Systematic performance growth
Strategia Systematic i cele inwestycyjne performance growth ▪ Total revenues FY 2024: PLN 12.09 million Total revenue and backlog [million PLN] ▪ Total revenues FY 2025: PLN 24.29 million (+101% y/y) +101% +105% +215% ▪ Direct margin FY 2024: PLN 8.0 million ▪ Direct margin FY 2025: PLN 11.8million
Slide 18: Investment by TFI PZU SA
Strategia Investment i cele by TFI PZU SAinwestycyjne 100 thousand shares acquired at a price of PLN 153.00,currently representing 5.98 % of shares ▪ 2025, November 21, started the process of raising additional financing for the implementation of Scanway's 2026 -2028 development strategy ▪ November
Slide 19: Selected projects
SCANWAY. selected projects ‘Seanway S.A. | Investor presentation
Slide 20: Scanway telescopes to power Asian client's constellation
telescope series EUR 9.0 million constellation project contract value CLIENT ▪ South Asia's leading space sector representative ▪ Deal concluded in about 3 months KEY ASPECTS ▪ Series of high -resolution telescopes for the constellation partner ▪ Telescopes developed by Scanway will be among the lar
Slide 21: Moon mission with Intuitive Machines from the US
Lunar Data Network Up to USD 4.82 bn lunar communications financing from NASA PROJECT MEMBERS ▪ Intuitive Machines– mission operator and optical payload client, in February 2024, the first private organization that landed on the Moon (America's return to its surface after more than 50 years) ▪ Scanw
Slide 22: European system for processing lunar images
HYDRA EUR 0.5 million Scanway’s system core financing from ESA PROJECT MEMBERS ▪ ESA – funding of the data processing system ▪ Intuitive Machines– mission operator and optical payload client ▪ Scanway – supplier of the optical instrument and system for processing images KEY ASPECTS from the lunar su
Slide 23: Global cooperation agreement with US customer
new class telescopes up to USD 4.3 million Data -as -a-Service ( DaaS ) model contract value CLIENT ▪ Experienced U.S. entity ▪ Specializ ed in the design and execution of large space missions and satellite operations for commercial and government customers KEY ASPECTS ▪ Delivery of a new class of t
Slide 24: Constellation projects with global partners
Nara Space Marble Imaging methane monitoring imaging below 1 m per pixel NARA SPACE (NarSha) ▪ Korea's first constellation of microsatellites (NarSha ) for monitoring point sources of methane , at least 12 satellites weighing ~32 kgeach ▪ Consortium: Nara Space Technology, Scanway, Climate Technolog
Slide 25: PIAST first Polish constellation for the Ministry of Defence
3 nanosatellites 2 telescopes forming a constellation delivered by Scanway PROJECT MEMBERS ▪ MilitaryUniversity of Technology (WAT) – project leader ▪ Scanway – supplier of optical instruments ▪ Other members :Creotech Instruments S.A., Space Research Center of the PIAST (Polish ImAging SaTellites)
Slide 26: CAMILA the largest civilian constellation in the history of Poland
2-3 telescopes EUR 3.55 million to be d elivered by Scanway option to expand to ~4.40 million PROJECT MEMBERS ▪ Creotech Instruments – leader ▪ Scanway – optical instrument subcontractor ▪ Other subcontractors: CloudFerro ,Eyecore , GMV, KP Labs and others CAMILA (Country Awareness Mission In Land A
Slide 27: Agreement with Flytronic from WB Group
UAV IP ownership unmanned systems (drones ) secured by Scanway OBJECTIVES OF COOPERATION ▪ Signed on November 8, 2024 , agreement to develop optoelectronic component of observation head for unmanned systems with implementation schedule: 24 months ▪ After design, delivery and successful completion of
Slide 28: Selected space projects carried out by Scanway
Selected space projects carried out by Scanway 2024 2025 2026 2027+ Nara Space Technology 2025: R&D, environmental testing, 2026: delivery of flight ~Q4 2026: launch Potential for continued [ constellations ] preparation of flight models models of 2 satellites cooperation Flight tests completed Marb
Slide 29: Strategy 2026–2028
Strategy 2026 –2028
Slide 30: Strategy goal 2026-2028 Long-term aspiration
LEADING INTEGRATOR ▪ Contracts with global top-tier entities (minimum 2) ▪ Contracts entered into as prime contractor (minimum 1) ▪ Significant share of in-house manufactured components, including critical components and last -stage manufacturing in Scanway products ▪ Exports accounting for the majo
Slide 31: Strategic directions of technological development
Strategic directions of technological development They will enable the realization of4 operational goals for 2026 -28 and a strategic, long-term goal. They build technological and manufacturing independence, preparing the Company for the most demanding contracts and for: • development of imaging pro
Slide 32: The goal set and the path laid out
[ Scaling up business ] ▪ Transformation from a single solution provider to a serial supplier of optical payloads for global New Space ▪ Ensur ing quality products and customer service by working with selective partners ▪ Continuing to diversify revenues with an emphasis on commercial orders 2026 -2
Slide 33: Summary
Summary
Slide 34: Growing backlog and historically highest cash balance create a positive outlook for 2026
[ Growing financial results Q1 -Q4 2025 ] ▪ PLN 24.3 million - total revenue 94% higher y/y ▪ PLN 2.2 million - positive EBITDA with significant increase y/y ▪ PLN 25.5 million - historically highest cash balance ▪ PLN 54.0 million - high backlog as of 16.02 (+215% y/y) [ New prospective projects in
Slide 35: Want to learn more?
Want to learn more ? Contact our Corporate Communications Office or check out the latest investor materials and social media Our video content: https://www.youtube.com/@scanway6590/videos Katarzyna Żądło Mardoniusz Maćkowiak Our profiles on LinkedIn: k.zadlo@scanway.pl mardoniusz.mackowiak@ccgroup.p
Slide 36: Disclaimer
This presentation has been prepared by Scanway S.A. (the “Company”) solely for the purpose of presenting its business operations. The presentation : ▪ contains selected information and does not constitute a comprehensive description of the Company's business or its financial analysis; ▪ may not be c
Slide 37: Thank you for your attention!
Media contact : Scanway S.A. Katarzyna Żądło k.zadlo@scanway.pl Thank you for your attention! Investors contact: Mardoniusz Maćkowiak mardoniusz.mackowiak@ccgroup.pl