Slide 1: Summary of the year 2025 in the TORPOL Group
Conference of the Management Board of TORPOL S.A Summary of the year 2025 in the TORPOL Group 23 March 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 the year 4 2025 Significant events in TORPOL S.A. 10 Backlog of orders 11 Investment plan for 2026 13 TORPOL OIL & GAS 14 Implementation of the Business Strategy and ESG Strategy for 15 2025 -2030 Challenges, current objectives and pros
Slide 4: TORPOL Group – results for 2025
TORPOL Group – results for 2025 1.98 3.99 120.9 655.8 BN PLN BN PLN MM PLN MM PLN NET SALES REVENUE BACKLOG (NET) EBITDA IN CASH (+35.7% yoy ) (+172.8% ytd ) (+14% yoy ) (+20.4% yoy ) 146.2 93.5 93.8 78.1 MM PLN MM PLN MM PLN MM PLN GROSS PROFIT ON SALES PROFIT ON SALES OPERATING PROFIT NET PROFIT (
Slide 5: The financial situation: consolidated income statement
The financial situation Consolidated income statement In 2025, the TORPOL Group achieved net sales Change Data in PLN thousand FY2025 FY2024 revenues that were 35.7% higher than those achieved in in %/pp 2024. The level of sales was significantly influenced by Sales revenue 1 978 447 1 458 172 35,7%
Slide 6: The financial situation: consolidated balance sheet
The financial situation Consolidated balance sheet The Group's balance sheet total at the end of 2025 Data in PLN thousand 31/12/2025 31/12/2024 Change% reached PLN 1.4 billion and was 15.7% higher than at Balance sheet total 1 395 628 1 206 006 15,7% the end of 2024. The balance sheet total was pri
Slide 7: The financial situation: cash flows
The financial situation Cash flows from operating, investing and financing activities Data in PLN thousand FY2025 FY2024 Change In 2025, the Group generated a positive balance from operating activities (PLN 507.9 million), which was primarily determined by changes in Net cash flows from 507 881 -212
Slide 8: Summary of the overall situation of the Group
Summary of the overall situation of the Group Financial situation In 2025, the TORPOL Group increased net sales revenue by 35.7% year-on-year, primarily thanks to contracts acquired in 2023–2024. Gross profit on sales increased to PLN 146.2 million (from PLN 126.2 million a year earlier) with higher
Slide 9: Summary of the overall situation of the Group: procurement activity
Summary of the overall situation of the Group Procurement activity Last year, TORPOL S.A. submitted 24 bids (compared to 18 bids in 2024) to 12 contracting entities, including 14 bids for PKP PLK. The cumulative value of bids submitted by the Company totaled approximately PLN 20.0 billion net, inclu
Slide 10: Important developments in TORPOL S.A.
Important developments in TORPOL S.A. Project Ordering Party Net value Status Contract conclusion Terminal Gądki METRANS 70.4 mln zł 12.05.2025 Contract conclusion Port Police PKP PLK + ZMP Police PLN 163.9 MM 30.06.2025 Contract conclusion MZK Konin MZK Konin PLN 93.8 MM 16.09.2025 Contract conclus
Slide 11: 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 67.4 MM PLN LK 104 Chabówka - Nowy Sącz 84.6 MM PLN Modernizacja stacji Ostróda 123.4 MM PLN LK 38 Giżycko - Korsze 204.7 MM PLN LK 202
Slide 12: PKP PLK procurement plan for the year 2026
PKP PLK procurement plan for the year 2026 (above PLN100 MM) Schedule for announced tenders TENDERS OF 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 — RECORD HIGH Gdów – Szczyrzyc (odcinek G) >1 bn PLN 27 BN PLN Fornale – Stróża (odcinki I+K) >1 bn PLN PKP PLK TENDERS OF 2026 Szczecin Gł. – granica Państwa >
Slide 13: Investment plan
Investment plan In 2025, the TORPOL Group completed investments worth PLN 55.3 million. The most significant expenses included: the completion of a major overhaul and Investments for 2026 (in MM PLN) modernization of the Kirow 810T crane, advance payments for the purchase of two 20D diesel locomotiv
Slide 14: 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; scope related to hydrogen, ammonia and biogas. TOG provides services to, in
Slide 15: Implementation of CG's Strategy for 2025–2030
Implementation of CG’s Strategy for 2025–2030 01 02 03 04 Financial progress in line Growth and diversification Investment implementation Market environment with the 2030 trajectory of operations and capacity development remains a challenge for Net profit in 2025 amounted to Strengthening our positi
Slide 16: ESG Strategy in CG TORPOL
ESG Strategy in CG TORPOL ESG Strategy ESRS Reporting The TORPOL Capital Group's Sustainable Development Strategy for the In 2025, the TORPOL Group, for the first time in history, underwent the years 2025–2030 is a key planning document that outlines the Group's process of attestation of its 2024 su
Slide 17: 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 18: Q&A Section
Q&A SECTION 18 | www.torpol.pl
Slide 19: Appendices
APPENDICES 19 | www.torpol.pl
Slide 20: Consolidated financial indicators for the TORPOL Group
Consolidated financial indicators for the TORPOL Group 3 FY2024 2,27 2,13 FY2025 2 1,42 1,28 1 0,56 0,59 0,47 0,52 0,44 0,41 0,09 0,07 0 -1 -1,42 -2 -3 -4 -4,72 -5 -6 equity to assets ratio equity to fixed assets ratio debt ratio equity indebtedness short-term indebtedness long-term indebtedness net
Slide 21: Profitability ratios for the TORPOL Group
Profitability ratios for the TORPOL Group 16 FY2024 FY2025 14,14 14 13,11 12 10 8,66 8 7,39 6,88 6,11 6,00 5,81 6 5,64 5,66 5,11 4,95 4,73 4,74 4,67 3,95 4 2 0 Gross margin on sales Profit margin on sales EBIDTA margin EBIT margin Gross margin Net margin ROA ROE The presented profitability and EBITD
Slide 22: Consolidated income statement (detailed)
Financial results of TORPOL Capital Group Consolidated income statement (detailed) Data in PLN thousand FY2025 Structure % FY2024 Structure % Change Change in % Sales of services 1 978 063 100,0% 1 457 175 99,9% 520 888 35,7% Revenues from sales of goods and products 384 0,0% 997 0,1% -613 -61,5% Sa
Slide 23: Consolidated Balance Sheet - Assets
Financial results of TORPOL Capital Group Consolidated Balance Sheet - Assets Data in PLN thousand 31/12/2025 Structure % 31/12/2024 Structure % Change Change in % Fixed assets 270 135 19,4% 232 676 19,3% 37 459 16,1% Tangible fixed assets 151 693 10,9% 125 791 10,4% 25 902 20,6% Right-of-use assets
Slide 24: Consolidated Balance Sheet – Equity and Liabilities
Financial results of TORPOL Capital Group Consolidated Balance Sheet – Equity and Liabilities Data in PLN thousand 31/12/2025 Structure % 31/12/2024 Structure % Change Change in % Equity 575 878 41,3% 528 772 43,8% 47 106 8,9% Share capital 4 594 0,3% 4 594 0,4% 0 0,0% Other reserve capital 432 805
Slide 25: Consolidated cash flow statement
Financial results of TORPOL Capital Group Consolidated cash flow statement Data in PLN thousand FY2025 FY2024 Change Cash flows from operating activity Total gross profit/loss 98 030 82 602 15 428 Adjustments by items: 409 851 -295 081 704 932 Depreciation 27 097 25 839 1 258 Profit/loss form invest
Slide 26: TORPOL S.A. unconsolidated income statement
Financial results of TORPOL S.A. Unconsolidated income statement Data in PLN thousand FY2025 Structure % FY2024 Structure % Change Change in % Sales of services 1 897 502 100,0% 1 323 795 100,0% 573 707 43,3% Revenues from sales of goods and products 384 0,0% 52 0,0% 332 638,5% Sales revenues 1 897
Slide 27: Unconsolidated Balance Sheet - Assets
Financial results of TORPOL S.A. Unconsolidated Balance Sheet - Assets Data in PLN thousand 31/12/2025 Structure % 31/12/2024 Structure % Change Change in % Fixed assets 269 014 19,9% 232 724 20,0% 36 290 15,6% Tangible fixed assets 149 461 11,0% 123 430 10,6% 26 031 21,1% Right-of-use assets 56 165
Slide 28: Unconsolidated Balance Sheet – Equity and Liabilities
Financial results of TORPOL S.A. Unconsolidated Balance Sheet – Equity and Liabilities Data in PLN thousand 31/12/2025 Structure % 31/12/2024 Structure % Change Change in % Equity 567 402 41,9% 519 753 44,7% 47 649 9,2% Share capital 4 594 0,3% 4 594 0,4% 0 0,0% Other reserve capital 422 687 31,2% 3
Slide 29: TORPOL S.A. cash flow statement
Financial results of TORPOL S.A. Consolidated cash flow statement Data in PLN thousand FY2025 FY2024 Change Data in PLN thousand FY2025 FY2024 Change Cash flows from investing activity Cash flows from operating activity Sales of tangible fixed asset and 2 358 2 799 -441 intangible assets Total gross
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