Slide 1: Results of 1H26 in the TORPOL Group
Conference of the Management Board of TORPOL S.A. Results of 1H26 in the TORPOL Group 7 September 2026
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 financial results for 1H2026 4 Summary of the general situation of the TORPOL Capital Group 8 Backlog of orders 12 Investment plan 2026 14 TORPOL OIL & GAS 15 Challenges and current objectives 16 Appendices 18 3 | www.torpol.pl
Slide 4: TORPOL Group – results for 1H2026
TORPOL Group – results for 1H2026 913.9 6.34 56.1 453.7 MM PLN BN PLN MM PLN MM PLN NET SALES REVENUE BACKLOG (NET) EBITDA IN CASH (+7.1% yoy) (+101% yoy) (+16.4% yoy) (-30.8% ytd) 71.6 44.1 40.9 33.8 MM PLN MM PLN MM PLN MM PLN GROSS PROFIT ON SALES PROFIT ON SALES OPERATING PROFIT NET PROFIT (+22.
Slide 5: The financial situation: consolidated income statement
The financial situation Consolidated income statement ▪ In the first half of 2026, the TORPOL Group achieved net DATA IN PLN THOUSAND 1H2026 1H2025 Change (%) sales revenues that were 7.1% higher than in the first half of 2025. The increase in revenues is mainly due to the schedules for the executio
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 end of the first half of 2026 amounted to Data in PLN thousand 30/06/2026 31/12/2025 Change (%) PLN 1.31 billion and was 6.4% lower than at the end of 2025. The decrease in the balance she
Slide 7: The financial situation: cash flows
The financial situation Cash flows from operating, investing and financing activities ▪ In the first half of 2026, the TORPOL Capital Group generated a negative DATA IN PLN THOUSAND 1H2026 1H2025 Change balance of cash from operating activities (PLN -193.55 million), resulting primarily from a tempo
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 half of 2026, the TORPOL Capital Group increased net sales revenue by 7.1% year-on-year, driven by an increased scale and pace of contract execution. Gross profit on sales increased to PLN 71.6 million. Gross margi
Slide 9: Corporate activities
Corporate activities The payment of dividend for the year 2025 ■ ON 27 May 2026, the Ordinary General Meeting of TORPOL S.A. adopted a resolution on the distribution of net profit for 2025 rok in the amount of PLN 78.6 MM, of this amount to the payment of dividends to shareholders. ■ The dividend am
Slide 10: Tender activity in the first half of 2026
Summary of the overall situation of the TORPOL Group Tender activity in the first half of 2026 1H2026 TORPOL S.A. TOG Offers submitted 11 25 Including offers for PKP PLK 7 - Resolved proceedings 12 16 Including proceedings form the year 2025 4 1 Proceedings in which the contracting authority invalid
Slide 11: Modernization of the Warszawa Wschodnia railway station
Modernization of the Warszawa Wschodnia railway station One of the largest contracts in the history of TORPOL Scope of works Tracks more than 46 km Catenary line 57 km Turnouts 170 Platforms 7 (roofed platforms) Railway flyovers more than 1 600 m (29 spans) Viaducts 7 Lifts / escalators 14 / 7 pairs
Slide 12: Backlog of orders
Backlog of orders BACKLOG PROJECT 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 (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 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 41.7 MM PLN DK 61 Legionowo – Zegrze Pd.¹ DK 61 Legionowo – Zegrze
Slide 13: PKP PLK procurement plan update for the year 2026
PKP PLK procurement plan update for the year 2026 (above PLN 100 MM) Schedule for announced tenders of PKP PLK (above PLN 100 MM), smaller tenders (<100 PLN MM) were omitted. TENDERING PLAN FOR 2026 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Szczecin Gł. – Szczecin Gumieńce – state 13 tenders border >1 bn PLN
Slide 14: Investment plan
Investment plan In 2026, the TORPOL Capital Group plans to allocate approximately PLN 67.5 million Investments for 2026 (in MM PLN) primarily for the development of its machinery, focusing on track and network works. These expenditures will be financed through leasing (PLN 28.0 million) and from int
Slide 15: TORPOL OIL & GAS
TORPOL OIL & GAS Since its establishment, 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 servic
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 and
Slide 17: Q&A session
Q&A session 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 31.12.2025 30.06.2026 3,00 2,13 2,00 1,87 1,42 1,46 1,00 0,59 0,59 0,52 0,52 0,41 0,41 0,07 0,07 0,00 -1,00 -2,00 -2,14 -3,00 -4,00 -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 1H25 1H26 18,00% 16,00% 15,36% 14,29% 14,00% 12,00% 10,00% 7,83% 8,00% 6,87% 7,01% 6,80% 6,14% 6,00% 5,65% 4,82% 5,00% 4,47% 4,52% 3,93% 4,09% 4,00% 3,58% 3,70% 2,00% 0,00% Gross margin on sales Profit margin on sales EBITDA margin EBIT margin Gross margin N
Slide 21: Consolidated income statement (detailed)
Financial results of TORPOL Capital Group Consolidated income statement(detailed) Data in PLN thousand 1H2026 Structure % 1H2025 Structure % Change Change % Sales of services 913 485 100,0% 852 713 100,0% 60 772 7,1% Revenues from sales of goods and products 432 0,0% 384 0,0% 48 12,5% Sales revenues
Slide 22: Financial results of TORPOL Capital Group: Assets
Financial results of TORPOL Capital Group Assets Data in PLN thousand 30/06/2026 Structure % 31/12/2025 Structure % Change Change % Fixed assets 283 575 21,7% 270 135 19,4% 13 440 5,0% Tangible fixed assets 173 422 13,3% 151 693 10,9% 21 729 14,3% Right-of-use assets 47 227 3,6% 57 679 4,1% -10 452
Slide 23: Financial results of TORPOL Capital Group: Equity and Liabilities
Financial results of TORPOL Capital Group Equity and Liabilities Data in PLN thousand 30/06/2026 Structure % 31/12/2025 Structure % Change Change % Equity 531 660 40,7% 575 878 41,3% -44 218 -7,7% Share capital 4 594 0,4% 4 594 0,3% 0 0,0% Other reserve capital 433 116 33,2% 432 805 31,0% 311 0,1% S
Slide 24: Consolidated cash flow statement
Financial results of TORPOL Capital Group Consolidated cash flow statement Data in PLN thousand 1H2026 1H2025 Change Cash flows from operating activity Gross profit/loss 45 711 38 530 7 181 Adjustments by items: -239 265 89 170 - Depreciation 15 207 13 329 1 878 Profit/loss form investing activities
Slide 25: TORPOL S.A. unconsolidated income statement
Financial results of TORPOL S.A. Unconsolidated income statement (detailed) Data in PLN thousand 1H2026 Structure % 1H2025 Structure % Change Change % Sales of services 881 260 100,0% 822 895 100,0% 58 365 7,1% Revenues from sales of goods and products 432 0,0% 384 0,0% 48 12,5% Sales revenues 881 6
Slide 26: Financial results of TORPOL S.A.: Assets
Financial results of TORPOL S.A. Assets Data in PLN thousand 30/06/2026 Structure % 31/12/2025 Structure % Change Change % Fixed assets 282 798 22,3% 269 014 19,9% 13 784 5,1% Tangible fixed assets 171 372 13,5% 149 461 11,0% 21 911 14,7% Right-of-use assets 45 415 3,6% 56 165 4,2% -10 750 -19,1% Go
Slide 27: Financial results of TORPOL S.A.: Equity and Liabilities
Financial results of TORPOL S.A. Equity and Liabilities Data in PLN thousand 30/06/2026 Structure % 31/12/2025 Structure % Change Change % Equity 524 884 41,4% 567 402 41,9% -42 518 -7,5% Share capital 4 594 0,4% 4 594 0,3% 0 0,0% Other reserve capital 422 687 33,3% 422 687 31,2% 0 0,0% Share premiu
Slide 28: Unconsolidated cash flow statement
Financial results of TORPOL S.A. Unconsolidated cash flow statement Data in PLN thousand 1H2026 1H2025 Change Cash flows from operating activity Gross profit/loss 47 464 40 064 7 400 Adjustments by items: -224 309 74 240 - Depreciation 14 334 12 511 1 823 Profit/loss form investing activities 242 -1
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