30 slides from Poznanska Korporacja Budowlana Pekabex Sa's earnings presentation, December 2025
Slide 1: Investor Presentation – Financial Results for the First 9 Months of 2025
1 Investor Presentation Financial Results for the First 9 Months of 2025 December 2025 New Technologies in Construction
Slide 2: Disclaimer
Disclaimer This material has been prepared by Pekabex S.A . (the “Company”) . The reproduction, distribution, or transmission of this presentation in other jurisdictions may be subject to legal restrictions, and persons into whose possession it may come should acquaint themselves with and comply wit
Slide 3: Market Environment – Key Challenges
Market Environment – Key Challenges Slowdown in Key Cost Pressure and Availability of Stagnation in the Markets Margin Erosion Financing Residential Sector ▪ All operating markets remain ▪ Intense price wars in tender ▪ High interest rates have ▪ Developer activity has declined stagnant. processes.
Slide 4: Current Situation of the Company – 9M2025 Results
Current Situation of the Company – 9M2025 Results 2 049 1 419 159 100 Backlog Value Sales Revenue Prefabrication Output Cash* [PLN m, y/y] [PLN m, y/y] [thousand m ³, y/y] [PLN m] 70 6 -16 -20 Gross Profit on Sales EBITDA EBIT Net Profit [PLN m, y/y] [PLN m, y/y] [PLN m, y/y] [PLN m, y/y] * Data pre
Slide 5: Optimization Measures Undertaken by the Pekabex Group in 2025
Optimization Measures Undertaken by the Pekabex Group in 2025 COST REDUCTION >PLN 20 million annually ▪ Workforce optimization. INCREASE IN ▪ Reduction of indirect production material and tooling costs. ▪ Lower maintenance and administrative costs. PRODUCTION ▪ Improved efficiency at production plan
Slide 6: Total Optimization Measures
TOTAL OPTIMIZATION MEASURES OPTIMIZATION TARGET: ABOVE PLN 100 MILLION MEASURES (partially impacting profit, partially impacting cash flow) 1. 2. 3. Increasing the share of system products in revenue Expansion into the defence construction sector and dual -use shelters as Increasing activity in the
Slide 7: Optimization Measures of the Pekabex Group (Prefabrication)
Optimization Measures of the Pekabex Group (Prefabrication) 1. INCREASING VOLUME WITH STABLE FIXED COSTS 2026 Target: 230 thousand m ³ ▪ Launch of new production lines at the Mszczonów plant. ▪ Reorganization of production processes at the Gdańsk -Kokoszki plant. 2 . INCREASE IN MARGIN PER m ³ Sales
Slide 8: Optimization Measures of the Pekabex Group
Optimization Measures of the Pekabex Group DEVELOPMENT OTHE R ▪ Recovery of committed capital – Mechelinki and other non -core projects. ▪ Better utilization of existing assets. ▪ Sale of completed apartments – Katedralna, Hel, Falkenseer. ▪ Strategic reorganization of FTO – improved profitability a
Slide 9: Working Capital and Debt
Working Capital and Debt Working Capital* 481 238 Net Debt 462 623 242 135 104 274 31.12.2024 30.09.2025 31.12.2024 30.09.2025 * Working capital = Inventories + Trade receivables – Trade payables – Cash. Fixed Assets 457 375 474 771 Inventories* Σ362 259 Σ341 529 Goods* 67 425 98 132 Development pro
Slide 10: Construction Market and Outlook for Pekabex
Construction Market AND OUTLOOK FOR PEKABEX GDP GROWTH IN 3Q2025 – THE HIGHEST IN 3 YEARS KEY INFRASTRUCTURAL PROJECTS ON THE HORIZON • Long -term infrastructure programmes, such as the National Road Construction Programme to 2030 and the National Railway Programme. • Works related to the constructi
Slide 11: Production Plants
Production Plants ◉ Gda nsk (I, II) 300 k m 3 2 .2 k Number of employees Total production capacity* and cooperating personnel * With optimal line balancing, the real capacity is approx. 340 thousand m ³. ◉ Pozn an TECHNOLOGY OF THE FUTURE ◉ Mszczon ow ▪ The Group achieved over 200 thousand m ³ of pr
Slide 12: Advantages of Prefabrication
Advantages of Prefabrication Rapid Return on Usable Floor Highest Quality Lower Durability and Capital Area +2 –5% and Control Construction and Safety of Operating Costs Structures Construction time shorter by Better use of space thanks to Factory production, minimal up to 40%, accelerating intellig
Slide 13: Record-High Backlog and Stable Production
Record - High Backlog and Stable Production In 3Q2025, the Pekabex Group continued to sign significant contracts, covering both residential projects and industrial facilities as well as infrastructure developments. Among the most important agreements secured in recent quarters were projects executed
Slide 14: Record-High Order Backlog
Record - High Order Backlog The value of the Pekabex Group’s order backlog as of 30 September 2025 amounted to PLN 2.0 billion. 2 .0 bn PLN Backlog structure (PLN million) 281,5 ◉ Contracts to be completed in the 1 .8 bn PLN current year Contracts to be 1 .7 bn PLN 2 .0 completed next year Contracts
Slide 15: Record-High Order Backlog – Geographical Breakdown
Record - High Order Backlog 900 Geographical Breakdown of the Order Backlog (PLN million) 856,7 800 700 600 500 432,3 400 300 281,5 200 156,9 141,9 121,0 100 48,4 0,0 0,0 6,6 3,3 0,0 0 Poland Germany Scandinavia Other Contracts to be completed in the current year Contracts to be completed next year
Slide 16: Financial Results
16 Financial Results
Slide 17: Production Volume
Production Volume (in thousand m 3 ) 300,0 266,0 264,0 250,0 204,0 206,0 199 200,0 175,0 182,0 51 159,0 144,0 150,0 140,0 100,0 77,0 71,0 148,0 50,0 9M24 0,0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 9M25 17
Slide 18: Foreign Contracts as a Growth Driver
Foreign Contracts as a Growth Driver (consolidated data, PLN million) POLAND GERMANY % SHARE OF SALES 962 331 Planned expansion into the United 7% (+ 0 .4 % y/y ) (+ 113 .0 % y/y ) Kingdom ◉ ◉ 68 % ◉ ◉ ◉ SCANDINAVIA OTHER * ◉ ◉ ◉ 100 7 23% (+ 7 .8 % y/y ) (+ 46 .6 % y/y ) * The Company also recorded
Slide 19: Sources of Revenue for the Pekabex Group in 9M25
Sources of Revenue for the Pekabex Group in 9M25 Sales revenue from operating segments (PLN million) ▪ Prefabrication (PLN 669 million) – the Group’s segment accounting for approx. 50% of revenues; Other 0,4% Prefabrication growing due to increasing demand for fast and low - 47,2% emission construct
Slide 20: Consolidated Financial Data
Consolidated Financial Data 600,0 Quarterly Sales Revenue (PLN million) 504,4 504,9 505,5 486,9 500,0 425,5 ▪ Stable revenue levels despite a 412,5 417,6 422,4 410,9 412,3 408,5 challenging market environment 387,1 385,2 383,0 400,0 324,6 ▪ Sustained strong sales momentum in 2025. 300,0 ▪ Expected m
Slide 21: Segment Results
Segment Results (consolidated data, PLN ‘000) 9M25 9M24 Change [%] Prefabrication contracts Construction and assembly output in Sales revenue 669 114 591 469 13 .1% September 2025 increased by 0.2% Operating profit 2 503 25 505 - 90 .2% y/y and by 20.6% m/m. Operating margin 0.4% 4.3% Construction s
Slide 22: Balance Sheet: Assets
Balance Sheet: Assets 30.0 9 .202 5 31.12.2024 Change Assets [consolidated data] (PLN thousand) (PLN thousand) [%] Fixed assets 474 771 457 375 3.8% Goodwill 25 239 25 239 0.0% Intangible assets 10 043 7 871 27 .6% Property , plant and equipment 405 327 397 715 1.9% Investment property 13 304 11 827
Slide 23: Balance Sheet: Equity and Liabilities
Balance Sheet: Equity and Liabilities 30.0 9 .2025 31.12.2024 Change Equity and liabilities (consolidated data) (PLN thousand) (PLN thousand) [%] Equity 531 666 552 642 -3 .8 % Non-current liabilities 212 552 170 578 24 .6 % Loans. borrowings, other debt instruments 138 716 100 431 38.1% Liability u
Slide 24: Cash flow (PLN m)
Cash flow (PLN m ) 202 .8 - 25 .7 + 22 .4 - 119 .4 + 20 .0 - 14 .7 + 14 .9 100 .3 Cash at beginning of Profit (loss) before tax Depreciation and Changes in working Other cash flows from Net cash flows from Net cash flows from Cash at end of period period amortization capital operating activities inv
Slide 25: Segments
25 Segment s
Slide 26: General Contracting – the second business line of the Pekabex Group
General Contracting – the second business line of the Pekabex Group ▪ End -to -end delivery: from concept to execution in the “Design & Build” model, ensuring project consistency and efficiency . ▪ Integration of production and design: in -house prefabrication and design office ensure quality contro
Slide 27: Pekabex Development Projects
27 Pekabex Development New Planned Projects Projects ▪ Pruszków – construction start: Q1 2026; 11,488 m ²; 239 units Pekabex Development, responsible for the Group’s residential operations, is ▪ Ząbki – construction start: Q2 2026; 11.421 simultaneously executing a dozen projects m²; 210 units in va
Slide 28: Pekabex Development Project Portfolio
Pekabex Development Project Portfolio 160,0 Number of units sold 140,0 124 120,0 100,0 80,0 56 55 60,0 43 45 40,0 29 20,0 3 0,0 31.03.2024 30.06.2024 30.09.2024 31.12.2024 31.03.2025 30.06.2025 30.09.2025 Number of preliminary Project (cumulative, as of 30.09.2025) Number of units in project Number
Slide 29: P.Homes Prefabricated Single-Family Houses
P. Homes Prefabricated Single - Prefabricated Single -Family Family Houses Housing System ▪ 21 ready - made models + custom designs ▪ Houses sold: 84 in 2024; 130 planned for ▪ Fast delivery – structural assembly within days, 2025 developer standard in 3 months ▪ Average price: ~ PLN 80 0k ▪ Durable
Slide 30: Thank You
Contact Thank You MakMedia IR/PR Grzegorz Grelo Kamil Więckowski g.grelo@makmedia.pl k.wieckowski@makmedia.pl New Technologies in Construction | pekabex.com FOLLOW US ON: