Slide 1: BEST Group Presentation of 2025 Financial Results
BEST GROUP PRESENTATION OF 2025 FINANCIAL RESULTS Gdynia, 2 April 2026
Slide 2: Agenda
AGENDA 1. BEST Group in 2025 2. Operating and financial results of BEST CAPITAL GROUP 3. Non-performing debt markets in the region 4. Summary
Slide 3: BEST Group in 2025 – Key Information
01 BEST GROUP IN 2025 KEY INFORMATION
Slide 4: Key events at BEST CG
FY 2025 AT A GLANCE Key events at BEST CG ▪ Merger and integration with Kredyt Inkaso ▪ Merger of four BEST investment funds ▪ Strong increase in repayments from portfolios held and cash EBITDA ▪ Early redemption of bonds with a total value of PLN 182 million; new bond issues worth PLN 205 million ▪
Slide 5: BEST and Kredyt Inkaso – Transaction Settlement
BEST AND KREDYT INKASO – TRANSACTION SETTLEMENT (PLN ‘000) ▪ Acquired claims 683,189 ▪ Interest liabilities 403,427 ▪ Other assets 49,382 ▪ Emission of merger shares 159,702 ▪ Capital investments in shares of the KISA ▪ Other 95,406 Group -74,036 Change in the value of BEST Capital Group Change in t
Slide 6: Operating and Financial Results of BEST Capital Group
02 OPERATING AND FINANCIAL RESULTS OF BEST CAPITAL GROUP
Slide 7: BEST's Claim Portfolio Investments
BEST’S CLAIM PORTFOLIO INVESTMENTS 700 90% 590 80% 600 70% 500 60% 400 385 50% 301 311 316 300 40% 258 132 157 137 30% 152 276 28% 200 25% 174 22% 22% 20% 31 100 81 13% 15% 205 11% 11% 24 85 178 10% 9% 148 85 149 6% 10 57 18 46 35 0 0% 9 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 – acquisi
Slide 8: FY 2025 at a Glance
FY 2025 AT A GLANCE Claim repayments Operating revenues (PLN Cash EBITDA Net profit attributable to (PLN million) million) (PLN million) BEST Shareholders (PLN 800 800 500 150 million) 573 400 600 600 1 414 405 76 100 354 300 400 29 773 400 33 31 52 200 433 465 28 486 50 103 97 200 385 200 220 249 2
Slide 9: Operating Efficiency
OPERATING EFFICIENCY Operating expenses Operating profit Equity Net debt (PLN million) (PLN million) (PLN million) (PLN million) 400 364 300 1500 1500 1 443 1 151 300 92 209 230 200 175 1000 898 1000 219 750 135 742 200 57 45 622 1,25 49% 48% 272 100 500 40% 500 0,83 0,83 100 184 162 0 0 0 0 2023 20
Slide 10: Operating Expenses
OPERATING EXPENSES Segmentation of operating expenses (PLN million) Court and enforcement costs (PLN million) 400 364 100 20% 300 75 15% 111 13,7% 219 230 1,0 11,8% 200 76 50 9,8% 10% 70 62 92 44 50 57 100 25 45 5% 155 92 102 0 0 0% 2023 2024 2025 2023 2024 2025 labour costs third party services tax
Slide 11: Asset Structure
ASSET STRUCTURE Carrying value of portfolios Nominal estimated remaining collections (ERC) (PLN (PLN million) million) 6 000 6 000 4 000 4 000 5 954 2 000 2 000 3 027 3 523 2 648 1 342 1 590 0 0 31.12.2023 31.12.2024 31.12.2025 31.12.2023 31.12.2024 31.12.2025 6% 2% 4% 12% Poland 22% Bank Italy Roma
Slide 12: Group's Equity and Liabilities
GROUP’S EQUITY AND LIABILITIES Equity (PLN million) Net debt (PLN million) 1500 1500 1 443 1250 39,63 40,42 1250 1000 33,04 1000 31,08 742 750 750 622 1,25 500 1 151 500 411 898 0,83 0,83 689 750 0,60 250 250 0 0 31.12.2022 31.12.2023 31.12.2024 31.12.2025 31.12.2022 31.12.2023 31.12.2024 31.12.2025
Slide 13: BEST Group on the Bond Market
BEST GROUP ON THE BOND MARKET Historic bond issues (PLN million) Current bond repayment plan (PLN million) 2023 2024 2025 2026 2027 2028 2029 2030 53 30 18 134 108 102 100 41 65 83 50 50 11 15 20 21 -20 -3 -3 -11 -1 -1 -10 -1 -10 -10 -16 -11 -18 -19 -22 -30 -50 -42 -58 -61 -65 -60 -94 -91 -117 -100
Slide 14: Non-Performing Debt Markets in the Region
03 NON-PERFORMING DEBT MARKETS IN THE REGION
Slide 15: Poland – Non-Performing Debt Market
POLAND – NON-PERFORMING DEBT MARKET [PLN billion] GDP growth (quarterly readings YOY) Share of non-performing loans Lending dynamics (monthly figures YOY) Non-performing retail and corporate loans Total non-performing loans Non-performing loans (retail) Value of claim portfolios supply in the bankin
Slide 16: Poland – Non-Performing Debt Market
POLAND – NON-PERFORMING DEBT MARKET Non-financial sector loans – households Supply of retail bank portfolios (PLN billion) (PLN billion) 804 767 809 11.5 748 736 10.5 9.4 10.0 9.3 Housing loans Consumer loans Nominal value – secured retail claims Other At-risk household loans (%) Nominal value – uns
Slide 17: Poland – Operating and Financial Results
POLAND – OPERATING AND FINANCIAL RESULTS Q1 2Q Q3 Q4 Q1 2Q Q3 Q4 (PLN million) 2024 2024 2024 2024 2025 2025 2025 2025 2024 2025 % ▪ Purchase of portfolios 11 81 9 80 5 147 10 324 181 486 168% ▪ Carrying value of 1,168 1,219 1,218 1,297 1,270 1,866 1,823 2,134 1,297 2,134 65% portfolios ▪ Repayments
Slide 18: Italy – Non-Performing Debt Market
ITALY – NON-PERFORMING DEBT MARKET Non-financial sector loans – households Supply of retail bank portfolios (PLN billion) (PLN billion) 3,048 3,192 2,915 2,854 2,890 104.2 89.0 60.1 58.7 60.1 Housing loans Consumer loans Nominal value – secondary market claims Other At-risk household loans (%) Nomin
Slide 19: Italy – Operating and Financial Results
ITALY – OPERATING AND FINANCIAL RESULTS Q1 2Q Q3 Q4 Q1 2Q Q3 Q4 (PLN million) 2024 2024 2024 2024 2025 2025 2025 2025 2024 2025 % ▪ Purchase of 42.2 43.7 40.5 8.1 35.1 18.0 5.1 8.6 134.5 66.8 50% portfolios ▪ Carrying value of 197.0 238.3 282.2 292.7 324.2 322.7 330.7 314.8 292.7 314.8 8% portfolios
Slide 20: Romania – Non-Performing Debt Market
ROMANIA – NON-PERFORMING DEBT MARKET Non-financial sector loans – households Supply of claims (PLN billion) (PLN billion) 1.8 1.9 1.9 1.5 1.1 Housing loans Consumer loans Nominal value – other claims Other At-risk household loans (%) Nominal value – bank claims (retail, unsecured) Average prices (%
Slide 21: Romania – Operating and Financial Results
ROMANIA – OPERATING AND FINANCIAL RESULTS Q1 2Q Q3 Q4 Q1 2Q Q3 Q4 (PLN million) 2024 2024 2024 2024 2025 2025 2025 2025 2024 2025 % ▪ Purchase of portfolios - 5.1 6.2 40.7 - - - 25.1 52.0 25.1 52% ▪ Carrying value of portfolios 117.0 115.4 115.9 150.7 144.0 136.2 133.2 151.0 150.7 151.0 0% ▪ Repayme
Slide 22: Bulgaria – Non-Performing Debt Market
BULGARIA – NON-PERFORMING DEBT MARKET Non-financial sector loans – households Supply of claims (PLN billion) (PLN billion) 121 1.7 101 1.5 85 79 68 0.7 0.5 0.6 Housing loans Consumer loans Nominal value – other claims Other At-risk household loans (%) Nominal value – bank claims (retail, unsecured)
Slide 23: Bulgaria – Operating and Financial Results
BULGARIA – OPERATING AND FINANCIAL RESULTS Q1 2Q Q3 Q4 Q1 2Q Q3 Q4 (PLN million) 2024 2024 2024 2024 2025 2025 2025 2025 2024 2025 % ▪ Purchase of portfolios 1.4 - - - - - 0.6 11.9 1.4 12.5 793% ▪ Carrying value of portfolios 45.8 43.9 44.7 42.3 41.4 41.3 39.1 48.4 42.3 48.4 14% ▪ Repayments 5.8 5.8
Slide 24: Summary
04 SUMMARY
Slide 25: Summary
SUMMARY Scale/dynamics Efficiency Technology International presence Team Presentation of 2025 results 25/26
Slide 26: BEST 3.0 – Where Are We Heading?
BEST 3.0 – WHERE ARE WE HEADING? 2026 AND 2023 2024-2025 BEYOND FUNDAMENTALS MERGER BEST 3.0 ▪ A development strategy drawn up ▪ Completion of the acquisition and ▪ Stability achieved following the in collaboration with an external focus merger partner on operational integration and ready to scale f
Slide 27: Thank You
\ THANK YOU SPOLKA AKCYJNA
Slide 28: Attachments
ATTACHMENTS
Slide 29: Cash EBITDA
CASH EBITDA (PLN million) Q4 2025 Q4 2024 change YOY 2025 2024 change YOY BEST repayment of claims 211.0 113.5 86% 773.5 465.1 66% other revenues 5.1 1.0 428% 10.2 4.1 147% OPEX (excluding amortisation/depreciation) 94.3 57.7 64% 350.3 219.9 59% Cash EBITDA* 121.7 56.8 114% 433.4 249.3 74% *Cash EBI
Slide 30: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION (PLN million) 31/12/2025 31/12/2024 31/12/2023 31/12/2022 assets, including: 2,854.0 1,856.8 1,545.1 1,349.3 cash and cash equivalents 80.5 82.4 64.8 52.2 claims acquired 2,648.0 1,590.0 1,342.4 1,183.2 equity investments - 82.5 39.9 27.6 investment real property 51.5
Slide 31: Financial Results
FINANCIAL RESULTS (PLN million) 2025 2024 change YOY operating revenues, including: 572.6 404.6 42% revenue from claims acquired: 562.4 400.4 40% interest calculated using the effective interest rate method 485.6 315.6 54% deviations from actual payments 76.3 51.8 47% revaluation result 0.5 33.0 (98