Slide 1: Presentation of Financial Results for 3 Quarters of 2025
BEST GROUP PRESENTATION OF FINANCIAL RESULTS FOR 3 QUARTERS OF 2025 Gdynia, 20 November 2025.
Slide 2: Agenda
AGENDA 1. BEST Group after 3 quarters of 2025 2. Non-performing debt markets in the region 3. Operating and financial results of BEST CAPITAL GROUP
Slide 3: BEST Group during 3 quarters of 2025 - key information
01 BEST GROUP DURING 3 QUARTERS OF 2025 KEY INFORMATION
Slide 4: Key events at BEST CG
Q1-Q3 2025 AT A GLANCE Key events at BEST CG ▪ Merger and integration of BEST with Kredyt Inkaso ▪ Significant increase in repayments under claim portfolios held and cash EBITDA ▪ New bond issues worth PLN 105 million ▪ Early redemption of bonds with a total value of PLN 229.2 million (Q1 – PLN 47.7
Slide 5: Non-performing debt markets in the region
02 NON-PERFORMING DEBT MARKETS IN THE REGION
Slide 6: Poland – Non-performing debt market
POLAND – NON-PERFORMING DEBT MARKET Non-financial sector loans in the banking system Supply of retail bank portfolios (PLN billion) (PLN billion) 804 767 795 12 11,5 0,500 800 748 736 10,5 9,4 0,450 107 86 84 9,3 9,2 96 93 1,6 3,8 0,400 9 1,3 600 187 206 219 1,9 1,5 0,350 182 190 0,300 8,9 27% 27% 4
Slide 7: Italy – Non-performing debt market
ITALY – NON-PERFORMING DEBT MARKET Non-financial sector loans in the banking system Supply of retail bank portfolios (PLN billion) (PLN billion) 3 048 3 192 120 3 200 2 915 2 854 2 863 104,2 0,400 651 100 651 542 481 89,0 12,9 494 2 400 513 539 527 546 80 24,2 60,1 58,7 45,0 0,300 539 25% 24% 1 600
Slide 8: Romania – Non-performing debt market
ROMANIA – NON-PERFORMING DEBT MARKET Non-financial sector loans in the banking system Supply of claims (PLN billion) (PLN billion) 3 0,500 180 162 163 171 153 152 0,450 150 1,9 0,400 38% 59 66 69 1,9 35% 0,350 120 57 57 2 1,5 0,300 0,7 1,1 1,5 90 0,9 0,250 0,2 20% 21% 0,200 60 94 101 92 95 95 1 16%
Slide 9: Bulgaria – Non-performing debt market
BULGARIA – NON-PERFORMING DEBT MARKET Non-financial sector loans in the banking system Supply of claims (PLN billion) (PLN billion)) 116 2 120 1,7 0,355 101 0,1 1,5 0,305 90 85 79 45 0,2 0,255 68 41 22% 0,205 60 36 1 1,3 17% 36 1,6 0,7 0,155 31 67 0,5 0,2 9% 0,5 0,105 56 30 40 45 5% 5% 0,2 0,055 6,2
Slide 10: BEST's claim portfolio investments
BEST’S CLAIM PORTFOLIO INVESTMENTS 550 90% 80% 440 70% 60% 311 321 330 301 50% 259 148 219 152 40% 220 157 131 276 14 174 30% 25% 26% 149 22% 22% 20% 110 81 30 205 13% 85 15% 173 11% 11% 24 148 9% 10% 85 6% 10 46 57 18 35 0 0% 9 2016 2017 2018 2019 2020 2021 2022 2023 2024 9M 2025 1H – acquisition c
Slide 11: Operating and financial results of BEST Capital Group
03 OPERATING AND FINANCIAL RESULTS OF BEST CAPITAL GROUP
Slide 12: 1Q-3Q 2025 at a glance
1Q-3Q 2025 AT A GLANCE Claim repayments Operating revenues Cash EBITDA Net profit attributable to (PLN million) (PLN million)) (PLN million) BEST Shareholders 600 562 450 401 350 312 100 (PLN million) 300 59 400 352 278 293 250 63 300 193 292 13 200 172 50 28 45 50 44 31 150 200 150 351 100 212 232
Slide 13: Operating efficiency
OPERATING EFFICIENCY Operating expenses Operating profit Equity Net debt (PLN million) (PLN million) (PLN million) (PLN million) 300 266 300 1250 1 099 1250 1 143 67 1000 898 1000 200 170 200 750 742 163 750 135 750 622 43 38 115 123 500 49% 48% 500 1,04 44% 100 199 100 0,83 0,83 121 132 250 250 0 0
Slide 14: Operating expenses
OPERATING EXPENSES Operating cost segmentation (PLN milion) Court and enforcement costs (PLN million) 300 266,0 80 20% 250 60 15% 200 163,3 169,7 81,4 13,3% 0,0 11,9% 150 40 10,7% 10% 49,9 54,7 52,5 100 32,6 36,0 42,7 67,2 20 37,6 5% 50 114,0 68,1 72,6 0 0 0% 9M 2023 9M 2024 9M 2025 9M 2023 9M 2024
Slide 15: Poland – Operating and financial results
POLAND – OPERATING AND FINANCIAL RESULTS (PLN million) 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 ▪ Portfolios purchased 10,8 81,0 9,8 79,7 4,8 146,7 9, 6 ▪ Carrying value of portfolios 1 168,0 1 219,3 1 217,7 1 297,3 1 269,7 1 866,0 1 822,5 ▪ Repayments 103,8 112,8 104,6 100,0 106,7 19
Slide 16: Italy – Operating and financial results
ITALY – OPERATING AND FINANCIAL RESULTS (PLN million) 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 ▪ Portfolios purchased 42,2 43,7 40,5 13,2 35,1 18,0 5,1 ▪ Carrying value of portfolios 197,0 238,3 282,2 292,7 324,2 322,7 330,7 ▪ Repayments 8,2 11,1 11,1 13,5 12,2 14,7 14,6 ▪ Operating r
Slide 17: Romania – Operating and financial results
ROMANIA – OPERATING AND FINANCIAL RESULTS (PLN million) 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 ▪ Portfolios purchased - 5,1 6,2 40,7 - - - ▪ Carrying value of portfolios 117,0 115,4 115,9 150,7 144,0 136,2 133,2 ▪ Repayments 15,0 16,3 14,9 16,5 17,4 19,0 20,1 ▪ Operating revenues 13
Slide 18: Bulgaria – Operating and financial results
BULGARIA – OPERATING AND FINANCIAL RESULTS (PLN million) 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 ▪ Portfolios purchased 1,4 - - - - - 0,6 ▪ Carrying value of portfolios 45,8 43,9 44,7 42,3 41,4 41,3 39,1 ▪ Repayments 5,8 5,8 5,9 6,6 6,1 6,0 5,3 ▪ Operating revenues 17,9 3,7 7,1 4,2 6
Slide 19: Assets structure
ASSETS STRUCTURE Carrying value of portfolios (PLN million) Nominal estimated remaining collections (ERC) (PLN million) 6 000 6 000 4 000 4 000 5 203 2 000 2 000 3 027 3 523 2 325 1 342 1 590 0 0 31.12.2023 31.12.2024 30.09.2025 31.12.2023 31.12.2024 30.09.2025 6% 2% 5% 14% Poland Italy 27% Bank Rom
Slide 20: Group's equity and liabilities
GROUP’S EQUITY AND LIABILITIES Equity (PLN million) Net debt (PLN million) 1250 39,63 zł 38,58 zł 1250 1 143 2,50 1000 33,04 zł 31,08 zł 1000 2,00 750 742 750 622 1,50 500 1 099 898 500 411 1,04 1,00 689 750 0,83 0,83 250 250 0,60 0,50 0 0 0,00 31.12.2022 31.12.2023 31.12.2024 30.09.2025 31.12.2022
Slide 21: 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 18 108 102 41 65 83 50 50 11 15 20 21 -20 -3 -3 -11 -1 -1 -10 -1 -10 -16 -10 -11 -18 -19 -22 -30 -61 -50 -42 -58 -65 -60 -94 -91 -117 -105 Issues b
Slide 22: Thank you for attention
\ THANK YOU FOR ATTENTION SPOLKA AKCYJNA
Slide 23: Attachments
ATTACHMENTS
Slide 24: Cash EBITDA
CASH EBITDA (PLN milliom) 3Q 2025 3Q 2024 change YOY 9M 2025 9M 2024 change YOY BEST repayment of claims 211,5 115,7 83% 562,3 351,7 60% other revenues 3,8 0,9 303% 5,1 3,2 61% OPEX (excluding amortisation/depreciation) (97,6) (52,9) 85% (255,9) (162,3) 58% Cash EBITDA* 117,6 63,7 85% 311,4 192,5 62
Slide 25: Statement of financial position
STATEMENT OF FINANCIAL POSITION (PLN million) 30.09.2025 31.12.2024 31.12.2023 31.12.2022 assets, including: 2 519,6 1 856,8 1 545,1 1 349,3 cash and cash equivalents 66,5 82,4 64,8 52,2 claims acquired 2 325,5 1 590,0 1 342,4 1 183,2 equity investments - 82,5 39,9 27,6 investment real property 52,5
Slide 26: Financial results
FINANCIAL RESULTS (PLN million) 9M 2025 9M 2024 change YOY operating revenues, including: 401,3 292,5 37% revenue from claims acquired: 396,2 289,4 37% interest calculated using the effective interest rate method 350,8 231,9 51% deviations from actual payments 59,2 44,9 32% revaluation result (13,9)