Mabion Sa · GPW:MAB
Mabion Sa — Investor Presentation (December 2025)
27 slides from Mabion Sa's investor presentation, December 2025
Slide 1: Basic information about Mabion S.A.
Basic information about Mabion S.A. D e c e m b e r 2 0 2 5
Slide 2: Disclaimer
DISCLAIMER This document (the “Document”) has been prepared by Mabion S.A. The information contained in the Document has been collected and prepared with due diligence, based on facts and information from sources considered reliable by Mabion S.A. No information contained in the Document constitutes
Slide 3: Who we are – Mabion today and tomorrow Mabion's offer Company finances and achievements
01 Who we are – Mabion today and tomorrow 02 Mabion's offer 03 Company finances and achievements 04 Stock exchange and investor information
Slide 4: Who we are - Mabion today and tomorrow
Who we are - Mabion today and tomorrow D e c e m b e r 2 0 2 5
Slide 5: About Mabion
ABOUT MABION ABOUT US With 18 years of history, Mabion has extensive experience in the development and production of biological medicines, enabling us to meet the needs and requirements of the most demanding customers. With extensive bioanalytical capabilities and experience in sterile manufacturing
Slide 6: Management Board
ABOUT MABION MANAGEMENT BOARD AREA OF RESPONSIBILITY: Gregor KAWLETZ Designing and executing the Company’sbusiness strategy Acquiring strategic business partners Chief Executive Officer Overseeing regulatory compliance, quality management, finance, HR, legal, administration, IR, PR, and ESG Represen
Slide 7: Mabion – a biological CDMO
ABOUT MABION MABION – A BIOLOGICAL CDMO Within new strategy published in November 2025, Mabion is reshaping its business model to meet the post-COVID environment and unlock new avenues for growth C O M P E T E N C I E S T E A M >200 Scientific excellence Modern, scalable References qualified profess
Slide 8: Mabion's equity story – from solid foundations to leadership and excellence
MABION’S STRATEGY FOR 2025–2030 MABION’S EQUITY STORY – FROM SOLID FOUNDATIONS TO LEADERSHIP AND EXCELLENCE Standing out in the crowded CDMO market through realization of new strategy Mabion has built a strong foundation as an To stand out in the competitive EU-GMP-certified CDMO, overcoming key CDM
Slide 9: History and future of Mabion
HISTORY AND TRANSFORMATION HISTORY AND FUTURE OF MABION Development of proprietary biosimilars CDMO Creation Mabion IPO New production Completion of Contract with Novavax Contract with Novavax Strategy Mabion on the Warsaw plantand Phase III for the transfer for commercial production update - Stock
Slide 10: Mabion's offer
1 02 0 Mabion's offer D e c e m b e r 2 0 2 5
Slide 11: Our focus areas and project diversification to drive sustainable CDMO growth
MABION’S STRATEGY FOR 2025–2030 OUR FOCUS AREAS AND PROJECT DIVERSIFICATION TO DRIVE SUSTAINABLE CDMO GROWTH Go-to-market approach ensures agility – matching Mabion’s capabilities with high-potential biotech demand Dimension Project Offering Activity Characteristics Niche products CDMO Strategic Bio
Slide 12: A comprehensive portfolio of services for a wide range of biological products
OFFER A COMPREHENSIVE PORTFOLIO OF SERVICES FOR A WIDE RANGE OF BIOLOGICAL PRODUCTS Mabion's offering, adapted to the business environment and strengthened by potential partnerships, enables the provision of a full, integrated range of services for obtaining recombinant proteins with an emphasis on
Slide 13: CDMO market trends favourable for Mabion
MARKET CDMO MARKET TRENDS FAVOURABLE FOR MABION Technological, regulatory and business factors will drive growth in the coming years Reasons for continued strong growth in the biological CDMO sector 1. Strong growth in biotechnology and the ever-increasing number of 4. Increased investment in the fi
Slide 14: Trusted partner for growth-oriented biotechs
MABION’S STRATEGY FOR 2025–2030 TRUSTED PARTNER FOR GROWTH-ORIENTED BIOTECHS Work with emerging and mid-size biotechs to deliver scalable CDMO solutions globally Size of entities Scale of contracts Geography Offered values Europe Quality & Compliance Medium-sized and small Early-stage development bi
Slide 15: Company finances and achievements
Company finances and achievements D e c e m b e r 2 0 2 5
Slide 16: P&L statement
PRESENTATION OF FINANCIAL RESULTS FOR Q3 2025 P&L STATEMENT Growing revenues in each quarter of this year, but not yet sufficient to cover current operating costs PLN m 3Q’22 4Q’22 1Q’23 2Q’23 3Q’23 4Q’23 1Q’24 2Q’24 3Q’24 4Q’24 1Q’25 2Q’25 3Q’25 Total income 38,5 42,9 39,5 36,0 29,6 46,5 34,0 29,8
Slide 17: Balance sheet
PRESENTATION OF FINANCIAL RESULTS FOR Q3 2025 BALANCE SHEET Cash position of PLN 4.6 million, requires strengthening through the acquisition of financing PLN m 3Q2022 4Q2022 1Q2023 2Q2023 3Q2023 4Q2023 1Q2024 2Q2024 3Q2024 4Q2024 1Q2025 2Q2025 3Q2025 The level of fixed assets is related to the moder
Slide 18: Operating cash flow after 9M'25
PRESENTATION OF FINANCIAL RESULTS FOR Q3 2025 OPERATING CASH FLOW AFTER 9M’25 In 9M’25, the Company primarily used cash to finance ongoing operating activities, with capital expenditures at a marginal level Mabion’s financial cash flows for 3Q’25 PLN m 38,4 Operating cash flow 9M’25: PLN -32.2 milli
Slide 19: Business development activities create potential for future growth
PRESENTATION OF FINANCIAL RESULTS FOR Q3 2025 BUSINESS DEVELOPMENT ACTIVITIES CREATE POTENTIAL FOR FUTURE GROWTH Concluding further orders and CDMO contracts will enable Mabion to diversify its revenues. The current value of all offers under consideration, as at the date of 30 November 2025 is USD 2
Slide 20: Project pipeline and revenue estimation
PRESENTATION OF FINANCIAL RESULTS FOR Q3 2025 PROJECT PIPELINE AND REVENUE ESTIMATION Key strategy elements over the next years (2026-2030) 2026 2027 2028 Revenues Potential for Potential for >25 EURm in annual ~15-20 EURm in annual ~20-25 EURm in annual revenue revenue revenue EBITDA margin >0% <35
Slide 21: Stock exchange and investor information
Stock exchange and investor information D e c e m b e r 2 0 2 5
Slide 22: Information about Mabion shares on the WSE
INFORMATION ABOUT MABION SHARES ON THE WSE WSE ticker MAB Listing market Main market of the Mabion is listed on the main market of the Warsaw Stock Exchange Warsaw Stock Exchange since 22 April 2013. WSE sector Pharmaceutical manufacturing Between 2010 and 2013, Mabion was listed on the NewConnect m
Slide 23: Mabion shareholder structure
MABION SHAREHOLDER STRUCTURE Share in votes Share in capital Mabion's share capital consists of of 16,162,326 shares, including 14,592,326 ordinary bearer shares and 1,570,000 Twiti registered shares with additional voting Investments rights, i.e. each registered share entitles the Twiti Limited hol
Slide 24: Share capital structure and dividend policy
SHARE CAPITAL STRUCTURE AND DIVIDEND POLICY Mabion does not form a capital group The Company's share capital is divided into 16,162,326 shares with a nominal value of PLN 0.10 each, including: 450,000 registered, preference series A shares, 450,000 registered preference shares of series B, 450,000 r
Slide 25: Calendar of corporate events 2025
CALENDAR OF CORPORATE EVENTS 2025 Date event 24 April 2025 Annual report for 2024 27 May 2025 Quarterly report for Q1 2025 26 May 2025 Ordinary General Meeting 10 July 2025 Extraordinary General Meeting 1 October 2025 Half-yearly report for H1 2025 1 December 2025 Quarterly report for Q3 2025 Basic
Slide 26: Reference to other information about Mabion on the website
REFERENCE TO OTHER INFORMATION ABOUT MABION ON THE WEBSITE Presentations containing a discussion of the latest published results, the current market environment of the Company's industry, and the Company's strategic plans can be found in the section: https://www.mabion.eu/pl/materialy-dla-inwestorow
Slide 27: Mabion S.A.
Mabion S.A. Medical biotechnology research and industrial complex UL. GEN. M. LANGIEWICZA 60 95-050 KONSTANTYNÓW ŁÓDZKI +48 42 207 78 90 IR CONTACT - CC GROUP PIOTR OWDZIEJ +48 22 440 1 440 PIOTR.OWDZIEJ@CCGROUP.PL