Slide 1: Annual Investors Meeting
Annual Ivestors Meeting April 22nd 2026
Slide 2: Disclaimer
This presentation is for information purposes only and Statements in this presentation that are not histori- By participating in this presentation, you agree that does not constitute an offer to sell or acquire any cal facts are „forward-looking statements”. Forwar- you may not save, record, share o
Slide 3: Financial results FY 2025
Financial results FY 2025
Slide 4: Key events in FY25
Key events in FY25 2025/05 2025/07 2025/12 2025/03 Annex with National Agreement with Ministry of Agreement with PGE Agreement with Social Bank of Poland - Family, Labour and Social Dystrybucja - Welfare Units – maintenance of ZSK Policy - maintenance of Syriusz service and development and services
Slide 5: FY25 Financial overview
FY25 Financial overview 22% Notes: || 5 (1) Financial years adjusted to calendar years, CAGR calculated based on calendar years
Slide 6: Adjusted Financial Results FY25 vs FY24 (PLN m)
Adjusted Financial Results FY25 vs FY24 (PLN m) Acquired in Acquired in FY24 FY25 Organic (1) EBITDA adjustments („-” decrease; „+” increase): (2) Net profit adjustments („-” decrease; „+” increase): FY24 adjusted for one-off: VAT 2008 court case (-3,7mPLN) and M&A transaction costs (0,7mPLN) FY24 a
Slide 7: Revenue Breakdown and Bridge FY25 (PLN m)
Revenue Breakdown and Bridge FY25 (PLN m) Segment Breakdown Revenue Bridge Acquired in FY25 Other Public Energy & Utilities Finance & Banking || 7
Slide 8: Revenue streams FY25 vs FY24 (PLN m)
Revenue streams FY25 vs FY24 (PLN m) HW/SW Solutions Main Functionalities Maintenance Implementations 1,5 Acquired (1) Revenue as presented in FS FY25. (2) Hardware revenue amounted to PLN 1,2m in FY25 and PLN 0,6m in FY24. || 8 (3) Share of 3rd party COGS amounted to 3% of revenue in FY25 and 4% in
Slide 9: Adjusted EBITDA bridge FY24 to FY25 (PLN m)
Adjusted EBITDA bridge FY24 to FY25 (PLN m) 22% Notes: (1) EBITDA adjustments („-” decrease; „+” increase) : FY24: 2008 VAT court case (-3,7mPLN), M&A transactional costs (0,7mPLN) and IFRS 16 (-5,2mPLN) || 9 FY25: M&A transactional costs (1,5mPLN) and IFRS 16 (-4,5mPLN)
Slide 10: Cash bridge FY25 (PLN m)
Cash bridge FY25 (PLN m) 22% || 10
Slide 11: Key figures FY22 to FY25
Key figures FY22 to FY25 22% (1) Results based on calendar years (12 months). (2) EBITDA adjusted for 2008 VAT legal case (FY24), M&A transactional costs (FY24 and FY25) and IRFS 16 (3) EBIT adjusted for 2008 VAT legal case (FY24), M&A transactional costs (FY24 and FY25), PPA (FY24 and FY25) and IFR