Slide 1: ORLEN Group Consolidated Financial Results 3rd quarter 2025
Slide 2: Summary
Summary 01 02 03 Summary Outlook Supporting Slides
Slide 3: Highlights of 3Q25 ORLEN
es Highli “ ighlights of 3Q25 ORLEN Solid operations and stable financial standing Macro environment Operations Financials 0 A . ae Ada i ‘, Higher gas production, distribution <a Solid EBITDA 5 Lower oil and gas prices aa aN ~ ll sales 99s PI adel. and sales High refining margin Higher throughput a
Slide 4: Financial results 3Q25
Financial results 3Q25 ORLEN High EBITDA LIFO — nearly PLN 9 bn PLN bn 3024 9M25 9M24 (y/y) Revenues 61,0 67,9 195,2 219,8 ©) EBITDA LIFO. 8,9 9,5 29,7 22,8 @ Cash flow from operations 8,2 8.6 34,4 26,2 (6) CAPEX 733 68 21,1 20,8 @ Free cash flow 0,9 24 13,8 3,0 3) Net debt/EBITDA 0,14x 0,04x 0,14x
Slide 5: EBITDA LIFO ORLEN
an EBITDA LIFO ORLEN Strong performance across all segments Segments’ results PLN m 157! ui a 8 887 2240 660 2428 3301 Upstream & Supply Downstream Energy Consumers & Products Corporate Functions EBITDA LIFO 3025 Change in results (y/y) 9515 1910 8887 -3 156 EBITDA LIFO Upstream & Supply Downstream
Slide 6: Operations
Operations High operating results in all segments Upstream & Supply Natural gas production 12,8 / 13,5mmboe 6 +5% Crude oil production 4,6 | 4,6 mmboe / OQ 0% Wholesale gas sales 43,9 / 49,81wn / @ +13% Financial results 325 Downstream Crude oil throughput / @ 1% 10,1 / 10,2mt Wholesale fuel sales /
Slide 7: Upstream & Supply
Upstream & Supply ORLEN Higher gas production in Poland and Norway EBITDA — business line results PLNm Market environment — quotations 950 30 3301 Brent crude oil © Neu oe price @ 1752 — —_——— iy 80,3 / 69,1uspbbI 14% 28 / 37PLNMWh +32% Natural gas price Natural gas price TGEgasDA 1) TTF Month-Ahead
Slide 8: Downstream
Downstream ORLEN High refining margins. Market pressure in petrochemicals EBITDA — business line results PLN 2358 162 2428 ———— — -92 Refining Petrochemicals Others EBITDA LIFO 3025 Higher result by PLN 1910 m (y/y), including: Refining by PLN 1900 m + Higher refining margin limited by negative diff
Slide 9: Energy
Energy Higher electricity and heat volumes EBITDA — business line results PLN 29 33 2240 481 wee a ino |= Distribution Heating Conventional ~Newenergy _ Electricity Others EBITDA networks energy trading 3025 (electricity & gas) Higher result by PLN 543 m (y/y), including: Distribution networks (elec
Slide 10: Consumers & Products
Consumers & Products Stable fuel retail results. Higher gas consumption EBITDA — business line results PLNm 499 1578 16 1095 Retail Retail Others EBITDA (fuels & shop) (electricity & gas) 3025 Higher result by PLN 331 m (y/y), including: Retail (fuels & shop) lower by PLN (-) 9m + Lower fuel margins
Slide 11: CAPEX
CAPEX 60% of CAPEX for 2025 realized Planned CAPEX for 2025 PLN bn Mi crowth [Ml Maintenance 0,9 35,3 09 26,2 if ‘07 Upstream Downstream Energy Consumers Corporate CAPEX & Supply & Products Functions 2025 Realized CAPEX in 9M25 PLN bn 07 21 Upstream Downstream Energy Consumers Corporate CAPEX & Supp
Slide 12: Debt
an Debt ORLEN High credit ratings and well-balanced debt structure Free cash flow 9M25 PLN bn 344 297 -21,9 , 6,0 i _ EBITDA LIFO LIFO effect Working capital Others Operating cash flow Investment cash flow” Dividend for 2024 Interest, grants, FX Net debt decrease 9M25, “including leasing outlays + I
Slide 13: Outlook
Outlook 01 02 03 Summary Outlook Supporting Slides
Slide 14: Outlook for 4Q25 compared to 3Q25
Outlook Outlook for 4Q25 compared to 3Q25 Segments 4Q25 vs 3Q25 ORLEN Upstream & Supply (#) Higher hydrocarbon production (no maintenance works) (#) Higher gas prices (seasonally higher demand, lower temperatures) () Lower oil prices (higher production of OPEC+ and geopolitics) (#) Higher gas sales
Slide 15: ORLEN - The energy of tomorrow starts today
~. ORLEN THE ENERGY OF TOMORROW STARTS TODAY
Slide 16: Supporting Slides
Supporting Slides 01 02 13 Summary Outlook Supporting Slides
Slide 17: Macro environment ORLEN
a Macro environment ORLEN Main macro indicators 3024 2025 3025 A(a/a) Avyly) 4Q25" A(a/a) Brent crude oil USD/bb! 80,3 67,9 69,1 2% 14% 64,5 -7% Model refining margin! USD/bbl 77 n3 15,2 35% 97% 18,4 21% Differential? USD/bb! 11 1,2 -2,0 -67% -82% -0,4 80% Model petrochemical margin? EUR/t 200 192 1
Slide 18: Depreciation (before impairments)
(before impairments) Depreciation (before impairments) (before impairments)
Slide 19: EBITDA LIFO - split by segment ORLEN
an EBITDA LIFO - split by segment ORLEN PLN m 1024 2024 3024 1025 2025 3Q25 Atyly) 9M24 9M25 Avy/y) Upstream & Supply, including: 2663 ()916 6457 5356 3344 3301 -3 156 8204 12.001 3797 Hedging 1411 458 363 78 -60 72 -435 2232 -210 -2 442 Usage of historical inventory layers 59 4 129 -204 4127 33 96
Slide 20: White products yield
4 White products yield4 Crude oil throughput (kt) White products yield4
Slide 21: Glossary and Disclaimer
Glossary inventories + Working capital (in balance sheet) trading receivables and other receivables — trading liabilities and other liabilities short-term + long-term loans, borrowings: and bonds)— cash Working capital change (in cash flow)= changes in receivables + changes in inventories + changes
Slide 22: ORLEN - The energy of tomorrow starts today
~. ORLEN THE ENERGY OF TOMORROW STARTS TODAY