Slide 1: Summary of 9M2025 in the TORPOL Group
Conference of the Management Board of TORPOL S.A. Summary of 9M2025 in the TORPOL Group 24 November 2025
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) is to provide information on the company Torpol S.A. with its office in Poznań (the Company) and TORPOL Capital Group (Torpol Group). This Presentation is for information purposes only and does not constitute or contain an offer to sell or invitation to su
Slide 3: Agenda
Agenda Presentation of the TORPOL Group's financial results for the first 9 4 months of 2025 Significant events in TORPOL S.A. 8 Backlog of orders 14 Investment plan for 2025 15 TORPOL OIL & GAS 16 Challenges, current objectives and prospects 17 Appendices 19 3 | www.torpol.pl
Slide 4: TORPOL Group – results for 9M 2025
TORPOL Group – results for 9M 2025 1.36 4.48 77.7 333.9 BN PLN BN PLN MM PLN MM PLN NET SALES REVENUE BACKLOG (NET) EBITDA in CASH (+49.9% yoy) (+12% yoy) (+26.1% yoy) (+38.9% ytd) 95.0 57.2 57.3 48.3 MM PLN MM PLN MM PLN MM PLN GROSS PROFIT ON SALES PROFIT ON SALES OPERATING PROFIT NET PROFIT (+23.
Slide 5: The financial situation
The financial situation Consolidated income statement Data in PLN thousand 9M2025 9M2024 Change in % ▪ The TORPOL Group consistently strengthened its presence Sales revenue 1 357 686 905 905 49,9% in the railway sector through continued cooperation with Cost of sales 1 262 720 828 709 52,4% PKP PLK
Slide 6: The financial situation
The financial situation Consolidated balance sheet Data in PLN thousand 30/09/2025 31/12/2024 Change in % ▪ The TORPOL Group's balance sheet total at the end of the third quarter Balance sheet total 1 125 580 1 206 006 -6,7% of 2025 reached PLN 1.1 billion, a 6.7% decrease compared to the end Fixed
Slide 7: The financial situation
The financial situation Cash flows from operating, investing and financing activities Data in PLN thousand 9M2025 9M2024 Change Net cash flows from operating activity 161 346 -149 512 310 858 ▪ The TORPOL Group generated a positive cash balance from operating activities (PLN 161.3 million), driven p
Slide 8: Summary of the overall situation of the Group
Summary of the overall situation of the Group Financial situation Despite the increase in revenue and gross profit volume from sales, the Group recorded a decline in profitability of operations. The lower level of profitability is a result of a higher share of contracts in the backlog realized at a
Slide 9: Summary of the overall situation of the Group
Summary of the overall situation of the Group Procurement activity ▪ During the first 9 months of 2025, TORPOL S.A. submitted 22 bids in proceedings conducted by various contracting authorities, including 12 bids submitted to PKP PLK. Eighteen proceedings were resolved, including seven proceedings s
Slide 10: Important developments in TORPOL S.A.
Important developments in TORPOL S.A . Contract with PKP PLK S .A . and Zarząd Morski Portu Police Sp . z o .o . – construction of a railway junction ”Port in Police ” ▪ On February 28, 2025, the Company received information from PKP Polskie Linie Kolejowe S.A. that its bid in the tender for the exp
Slide 11: Important developments in TORPOL S.A.
Important developments in TORPOL S.A . Tender conducted by the Municipal Transport Company in Konin Sp . z o .o . - construction of a bus depot and construction of a hydrogen refueling station ▪ On June 12, 2025, the Company received information from Miejski Zakład Komunikacji w Koninie Sp. z o.o. (
Slide 12: Important developments in TORPOL S.A.
Important developments in TORPOL S.A . Contract with PKP PLK S .A . – rail access to the Lubiatowo – Kopalino nuclear power plant ▪ On 28 October 2025, the Company entered into an agreement with PKP Polskie Linie Kolejowe S.A. for the implementation of the project entitled "Execution of works on the
Slide 13: Important developments in TORPOL S.A.
Important developments in TORPOL S.A . PKP PLK S .A . Tender – Selection of the Consortium's Offer for the Rail Baltica Project (Białystok – Knyszyn – Osowiec – Ełk ) ▪ On 6 November 2025, the Company received information from PKP Polskie Linie Kolejowe S.A. that the offer submitted by the Consortiu
Slide 14: Current backlog
Current backlog BACKLOG (NET VALUE) 2023 2024 2025 2026 2027 2028 48.5MM PLN Modern. Inf. Kolej. PMT- KGHM Lubin 90.8 MM PLN LK 104 Chabówka - Nowy Sącz 121.9 MM PLN Modernizacja stacji Ostróda 189.1 MM PLN LK 38 Giżycko - Korsze 253.4 MM PLN LK 202 Gdynia Chylonia - Słupsk 1 629.90 MM PLN E65 Katow
Slide 15: Investment plan for 2025
Investment plan Investment plan for 2025 During the first nine months of 2025, the TORPOL Group completed investments worth PLN 28.3 million. These investments primarily included a major overhaul and modernization of the company's Kirow 810T crane, advance payments for In vestments for 20 25 (in MM
Slide 16: TORPOL OIL & GAS
TORPOL OIL & GAS Since its formation,TOG has been continuously expanding its operations in the energy sector. TOG's current and planned areas of activity include: • energy and gas industries; • nuclear energy; • chemical industry; • hydrogen, ammonia, and biogas. TOG provides services to, in particu
Slide 17: Challenges and current objectives
Challenges and current objectives ▪ Strengthening leadership in modernization and revitalization projects in the railroad market, while maintaining market share. ▪ Implementing the strategy for 2025-2030 and achieving a cumulative consolidated net revenue of about PLN 14.5 billion and EBITDA of abou
Slide 18: Q&A section
torpo) O&A section
Slide 19: APPENDICES
torpo) APPENDICES
Slide 20: Consolidated financial indicators for the TORPOL Group
Consolidated financial indicators for the TORPOL Group 2,27 2,27 1,28 1,06 0,56 0,51 0,44 0,49 0,47 0,42 0,09 0,09 -1,42 -2,20 equity to assets ratio equity to fixed assets debt ratio equity indebtedness short-term long-term net financial debt to ratio indebtedness indebtedness EBIDTA for last 12mth
Slide 21: Profitability ratios for the TORPOL Group
Profitability ratios for the TORPOL Group 9,0% 8,5% 7,9% 7,0% 6,8% 5,7% 5,0% 4,7% 4,4% 4,2% 4,2% 4,1% 3,6% 3,7% Gross margin on Profit margin on EBIDTA margin EBIT margin Net margin ROA ROE sales sales 30.09.2024 30.09.2025 The presented ratios of profitability and EBITDA levels confirm the Group's
Slide 22: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 9M2025 Structure % 9M2024 Structure % Change Change in % Sales of services 1 357 302 100,0% 904 938 99,9% 452 364 50,0% Revenues from sales of goods and products 384 0,0% 967 0,1% -583 -60,3% Sales revenues 1 357 686 100,0% 905 905 100,0
Slide 23: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 30/09/2025 Structure % 31/12/2024 Structure % Change Change in % Fixed assets 240 965 21,4% 232 676 19,3% 8 289 3,6% Tangible fixed assets 133 655 11,9% 125 791 10,4% 7 864 6,3% Right-of-use assets 56 043 5,0% 58 052 4,8% -2 009 -3,5% Go
Slide 24: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 30/09/2025 Structure % 31/12/2024 Structure % Change Change in % Equity 546 084 48,5% 528 772 43,8% 17 312 3,3% Share capital 4 594 0,4% 4 594 0,4% 0 0,0% Other reserve capital 432 805 38,5% 397 030 32,9% 35 775 9,0% Share premium 54 617
Slide 25: Financial results of TORPOL Capital Group
Financial results of TORPOL Capital Group Data in PLN thousand 9M2025 9M2024 Zmiana Data in PLN thousand 9M2025 9M2024 Zmiana Cash flows from investing activity Cash flows from operating activity Sales of tangible fixed assets, intangible assets and 2 157 783 1 374 Gross profit/loss 61 061 49 554 11
Slide 26: Financial results of TORPOL S.A.
Financial results of TORPOL S.A. Data in PLN thousand 9M2025 Structure % 9M2024 Structure % Change Change in % Sales of services 1 307 989 100,0% 804 215 100,0% 503 774 62,6% Revenues from sales of goods and products 384 0,0% 51 0,0% 333 652,9% Sales revenues 1 308 373 100,0% 804 266 100,0% 504 107
Slide 27: Financial results of TORPOL S.A.
Financial results of TORPOL S.A. Data in PLN thousand 30/09/2025 Structure % 31/12/2024 Structure % Change Change in % Fixed assets 240 328 22,1% 232 724 20,0% 7 604 3,3% Tangible fixed assets 131 288 12,1% 123 430 10,6% 7 858 6,4% Right-of-use assets 55 119 5,1% 56 872 4,9% -1 753 -3,1% Goodwill 9
Slide 28: Financial results of TORPOL S.A.
Financial results of TORPOL S.A. Data in PLN thousand 30/09/2025 Structure % 31/12/2024 Structure % Change Change in % Equity 537 869 49,5% 519 753 44,7% 18 116 3,5% Share capital 4 594 0,4% 4 594 0,4% 0 0,0% Other reserve capital 422 687 38,9% 392 366 33,7% 30 321 7,7% Share premium 54 617 5,0% 54
Slide 29: Financial results of TORPOL S.A.
Financial results of TORPOL S.A. Data in PLN thousand 9M2025 9M2024 Zmiana Data in PLN thousand 9M2025 9M2024 Zmiana Cash flows from investing activity Cash flows from operating activity Sales of tangible fixed assets, intangible assets and 2 157 783 1 374 fixed assets classified as held for sale Gr
Slide 30: Management Board Representative for Investor Relations
Management Board Representative for Investor Relations Małgorzata Napierała tel. +48 61 87 82 775 fax +48 61 87 82 790 ma.napierala@torpol.pl | ri@torpol.pl TORPOL S.A. ul. św. Michała 43 61-119 Poznań tel. +48 61 87 82 700 fax +48 61 87 82 790 www.torpol.pl 30 | www.torpol.pl