Slide 1: Results of 1Q26 in the TORPOL Group
Conference of the Management Board of TORPOL S.A. Results of 1Q26 in the TORPOL Group 25 May 2026 1 | www.torpol.pl
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 1Q2026 4 Summary of the general situation of the TORPOL Capital Group 8 Corporate activities 11 Backlog of orders 12 Investment plan for 2026 14 TORPOL OIL & GAS 15 Challenges, current objectives and prospects 16 Appendices 18 3 | www.t
Slide 4: TORPOL Group – results for 1Q2026
TORPOL Group – results for 1Q2026 334.4 3.84 17.1 527.0 MM PLN BN PLN MM PLN MM PLN NET SALES REVENUE BACKLOG (NET) EBITDA IN CASH (-13.2% yoy) (-19.6% ytd) (+14.6% yoy) (-4.1% yoy) 24.1 10.6 9.8 10.3 MM PLN MM PLN MM PLN MM PLN GROSS PROFIT ON SALES PROFIT ON SALES OPERATING PROFIT NET PROFIT (+2.8
Slide 5: The financial situation: consolidated income statement
The financial situation Consolidated income statement In the first quarter of 2026, the TORPOL Group achieved net Data in PLN thousand 1Q2026 1Q2025 Change (%) sales revenues that were 13.2% lower than those achieved in the first quarter of 2025. Unfavorable weather conditions, Sales revenue 334 440
Slide 6: The financial situation: consolidated balance sheet
The financial situation Consolidated balance sheet The balance sheet total of the TORPOL Capital Group at the Data in PLN thousand 31/03/2026 31/12/2025 Change (%) end of the first quarter of 2026 reached PLN 1.2 billion and was 12.3% lower compared to the balance presented at the Balance sheet tota
Slide 7: The financial situation: cash flows
The financial situation Cash flows from operating, investing and financing activities Data in PLN thousand 1Q2026 1Q2025 Change In the first quarter of 2026, the TORPOL Capital Group generated a negative balance of cash from operating activities (PLN -129.9 million), which was Net cash flows from -1
Slide 8: Summary of the overall situation of the TORPOL Group
Summary of the overall situation of the TORPOL Group Financial situation In the first quarter of 2026, the TORPOL Capital Group decreased net sales revenue by 13.2% year-on-year, primarily due to contract implementation schedules entering their final stages and gradually easing work intensity. Gross
Slide 9: Summary of the overall situation: procurement activity
Summary of the overall situation of the TORPOL Group Procurement activity In the first quarter of 2026, TORPOL S.A. submitted 8 offers (compared to 10 offers in Q1 2025) to 3 contracting entities, including 6 offers for PKP PLK. The cumulative value of offers submitted by the Company amounted to app
Slide 10: Warsaw cross-city line works
Summary of the overall situation of the TORPOL Group Works on the Warsaw cross-city line on the Warsaw East – Warsaw West section, stage IIa On 25 February 2026, the Company's offer was selected by PKP Polskie Linie Kolejowe S.A. as the most advantageous in the tender for the design and execution of
Slide 11: Corporate activities
Corporate activities Appointment of acting President of the Management Board By resolution of 27 March 2026, the Supervisory Board of TORPOL S.A. delegated Mr. Konrad Miterski, Member of the Supervisory Board, to temporarily perform the duties of President of the Company's Management Board. His term
Slide 12: Backlog of orders
Backlog of orders BACKLOG PROJECT 2023 2024 2025 2026 2027 2028 2029 (NET VALUE) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 21.8 MM PLN Modern. Inf. Kolej. PMT- KGHM Lubin 36.6 MM PLN LK 104 Chabówka - Nowy Sącz 75.9 MM PLN Modernizacja stacji Ostróda 82.6 MM
Slide 13: PKP PLK procurement plan for the year 2026
PKP PLK procurement plan for the year 2026 (above PLN 100 MM) TENDERING PLAN FOR Schedule for announced tenders of PKP PLK (above PLN 100 MM), smaller tenders (<100 PLN MM) were omitted. 2026 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Szczecin Gł. – Szczecin Gumieńce – state tenders 13 above PLN 100M border >1
Slide 14: Investment plan
Investment plan In 2026, the TORPOL Capital Group plans to allocate approximately PLN 67.5 million mainly for the development of the machinery park, focusing on the segment of track Investments for 2026 (in MM PLN) and catenary works. TOG other During the reporting period, the TORPOL Capital Group's
Slide 15: TORPOL OIL & GAS
TORPOL OIL & GAS Since its inception, TOG has been continuously expanding its operations in the oil and gas sector. Its dominant and planned areas of activity include: energy and gas industries; nuclear energy; chemical industry; scope related to hydrogen, ammonia and biogas. TOG provides services t
Slide 16: Challenges and current objectives
Challenges and current objectives ▪ Strengthening leadership position in modernization and revitalization projects in the railroad market, while maintaining market share. ▪ Implementing the strategy for the years 2025-2030 and achieving a cumulative consolidated net revenue of about PLN 14.5 billion
Slide 17: Q&A section
Q&A section 17 | www.torpol.pl
Slide 18: Appendices
APPENDICES 18 | www.torpol.pl
Slide 19: Consolidated financial indicators of the TORPOL Group
Consolidated financial indicators of the TORPOL Group 3,00 31.12.2025 31.03.2026 2,13 2,16 2,00 1,42 1,09 1,00 0,59 0,52 0,52 0,45 0,41 0,48 0,07 0,07 0,00 -1,00 -2,00 -3,00 -4,00 -3,63 -5,00 -4,72 -6,00 equity to assets ratio equity to fixed assets ratio debt ratio equity indebtedness short-term in
Slide 20: Profitability ratios for the TORPOL Group
Profitability ratios for the TORPOL Group 16,00% 1Q25 1Q26 13,93% 14,00% 12,73% 12,00% 10,00% 8,00% 7,20% 6,48% 6,77% 6,08% 6,00% 5,10% 4,62% 3,90% 4,00% 3,18% 3,36% 2,92% 2,93% 3,09% 2,80% 2,63% 2,00% 0,00% Gross margin on sales Profit margin on sales EBIDTA margin EBIT margin Gross margin Net marg
Slide 21: Financial results of TORPOL Capital Group: income statement
Financial results of TORPOL Capital Group Consolidated income statement (detailed) Data in PLN thousand 1Q2026 Structure % 1Q2025 Structure % Change Change % Sales of services 334 440 100,0% 384 968 99,9% -50 528 -13,1% Revenues from sales of goods and products 0 – 376 0,1% -376 -100% Sales revenues
Slide 22: Financial results of TORPOL Capital Group: assets
Financial results of TORPOL Capital Group Assets Data in PLN thousand 31/03/2026 Structure % 31/12/2025 Structure % Change Change % Fixed assets 271 579 22,2% 270 135 19,4% 1 444 0,5% Tangible fixed assets 148 775 12,2% 151 693 10,9% -2 918 -1,9% Right-of-use assets 61 327 5,0% 57 679 4,1% 3 648 6,3
Slide 23: Financial results of TORPOL Capital Group: equity and liabilities
Financial results of TORPOL Capital Group Equity and Liabilities Data in PLN thousand 31/03/2026 Structure % 31/12/2025 Structure % Change Change % Equity 585 602 47,9% 575 878 41,3% 9 724 1,7% Share capital 4 594 0,4% 4 594 0,3% 0 0,0% Other reserve capital 433 116 35,4% 432 805 31,0% 311 0,1% Shar
Slide 24: Consolidated cash flow statement
Financial results of TORPOL Capital Group Consolidated cash flow statement Data in PLN thousand 1Q2026 1Q2025 Change Cash flows from operating activity Gross profit/loss 13 058 12 951 107 Adjustments by items: -142 938 118 239 -261 177 Depreciation 7 276 6 548 728 Profit/loss form investing activiti
Slide 25: Financial results of TORPOL S.A.: income statement
Financial results of TORPOL S.A. Unconsolidated income statement (detailed) Data in PLN thousand 1Q2026 Structure % 1Q2025 Structure % Change Change % Sales of services 322 246 100,0% 363 424 99,9% -41 178 -11,3% Revenues from sales of goods and products 0 0,0% 376 0,1% -376 -100,0% Sales revenues 3
Slide 26: Financial results of TORPOL S.A.: assets
Financial results of TORPOL S.A. Assets Data in PLN thousand 31/03/2026 Structure % 31/12/2025 Structure % Change Change % Fixed assets 270 839 22,7% 269 014 19,9% 1 825 0,7% Tangible fixed assets 146 676 12,3% 149 461 11,0% -2 785 -1,9% Right-of-use assets 59 583 5,0% 56 165 4,2% 3 418 6,1% Goodwil
Slide 27: Financial results of TORPOL S.A.: equity and liabilities
Financial results of TORPOL S.A. Equity and Liabilities Data in PLN thousand 31/03/2026 Structure % 31/12/2025 Structure % Change Change % Equity 579 021 48,5% 567 402 41,9% 11 619 2,0% Share capital 4 594 0,4% 4 594 0,3% 0 0,0% Other reserve capital 422 687 35,4% 422 687 31,2% 0 0,0% Share premium
Slide 28: Unconsolidated cash flow statement
Financial results of TORPOL S.A. Unconsolidated cash flow statement Data in PLN thousand 1Q2026 1Q2025 Change Cash flows from operating activity Gross profit/loss 14 602 12 750 1 852 Adjustments by items: -131 428 134 793 -266 221 Depreciation 6 858 6 129 729 Profit/loss form investing activities 18
Slide 29: 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 29 | www.torpol.pl