Slide 1: Financial results Q4 and FY 2025
Financial results Q4 and FY 2025 XTPL S.A. (WSE:XTP) April 30, 2026
Slide 2: Agenda
Agenda 01 Executive Summary 02 About XTPL 03 Business Development 04 Financial Performance 05 Summary 2
Slide 3: Executive Summary
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Slide 4: Executive Summary FY 2025
Executive Summary FY 2025 Summary of key events for the period 01.01.2025-30.04.2026 Industrial implementations PLN 15.6 million ▪ First-ever industrial implementation underway – 6/6 UPD modules from the initial total revenue in 2025 (+14% YoY) batch delivered to the end client; confirmed performanc
Slide 5: About XTPL
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Slide 6: Leader in ultra-precise microprinting technology
Leader in ultra-precise microprinting technology We are a provider of breakthrough microprinting solutions, operating in the fast-growing printed electronics market, with a disruptive technology being industrially deployed at a first client, an interdisciplinary team of experts and a plan for step-c
Slide 7: We are changing the way modern electronics are produced
We are changing the way modern electronics are produced XTPL technology provides solutions unattainable with methods previously available in the market. It is unparalleled in terms of resolution, viscosity, and the size of conductive structures, which can be as small as 1 μm (one millionth of a mete
Slide 8: Wide application of XTPL solutions
Wide application of XTPL solutions Conductive nanostructures applied with high-density ink enable the production and repair of advanced electronics. Key features of UPD technology: micro-sizes, high viscosity, flexible shapes, and varied substrates. See XTPL technology at work: https://www.youtube.c
Slide 9: We respond to global trends
We respond to global trends Nanoprinting is a technology that responds to the new challenges faced by the production of advanced electronics. It enables cost-effective, scalable, and rapid reduction of electronic dimensions, while ensuring high resolution. Global megatrends in advanced electronics m
Slide 10: We commercialize our technology worldwide
We commercialize our technology worldwide XTPL has successfully commercialized its products in over 20 countries and is conducting UPD technology evaluations with global electronics manufacturers for future industrial implementations. Commercialization channels that support XTPL sales UPD modules DP
Slide 11: Business Development
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Slide 12: A portfolio tailored to the needs of global clients
A portfolio tailored to the needs of global clients XTPL is continuously engaged in R&D, expanding the functionality and potential of its individual business lines while developing new product ranges to meet market demand. An increase in the commercialization of any business line drives growth in ot
Slide 13: First-ever industrial implementation underway
First-ever industrial implementation underway Proven potential and credibility of the technology in the eyes of global partners. The successful lab-to-fab transition of XTPL technology acts as a catalyst for other projects in the pipeline and opens new business opportunities. 6 units 6/6 UPD modules
Slide 14: Implementation impacts further business opportunities
Implementation impacts further business opportunities Since the start of industrial implementation in 2025, XTPL has increased the number of advanced-stage (Stage 4) projects by two additional business opportunities; at the same time, together with an existing client from China, we has initiated 2 3
Slide 15: A wide pipeline of projects at various stages of advancement
A wide pipeline of projects at various stages of advancement A geographically diverse pipeline of projects spanning various application areas, aimed at the industrial implementation of the UPD technology. If successfully validated and fully deployed, the 11 projects that are currently at least at st
Slide 16: Evaluation of key industrial projects (Stage 4)
Evaluation of key industrial projects (Stage 4) There are 5 entities worldwide testing prototype industrial machines integrated with the UPD module. Our partners and end clients are leading global manufacturers of advanced electronics. The decision to implement the solution at an industrial scale re
Slide 17: Delta Printing System as a technology demonstrator
Delta Printing System as a technology demonstrator 2020 2021 2022 2023 2024 2025 46 units 13 units DPSs ordered 1 4 7 13 9 11 DPSs delivered since DPSs delivered in the DPSs delivered 1 3 3 13 12 13 the start of the period: 2020/21 January 1–December commercialization 31, 2025 DPS delivered by regio
Slide 18: A trusted partner for DPS production outsourcing
A trusted partner for DPS production outsourcing On December 22, 2025, an agreement was concluded with Tech Group from Estonia to gradually outsource the production of DPS devices Expected benefits for XTPL ▪ Possibility to increase production volume, flexibility and the ability to shift internal pr
Slide 19: New business line – ODRA systems
New business line – ODRA systems The ODRA business line (formerly DPS+) is intended to fill the gap between DPS devices and UPD modules. It is being developed in response to market demand, serving advanced HMLV (high-mix, low-volume) production and offering potential for rapid scaling. Purpose ▪ Sma
Slide 20: High scalability potential and defence sector interest
High scalability potential and defence sector interest In the Management Board’s view, the ODRA system business line – due to the size of the market and the client profile – has significantly higher scaling and revenue-generation potential than DPS devices, which serve as a technology demonstrator.
Slide 21: The Demo Center opens up new opportunities
The Demo Center opens up new opportunities The center is located in a key market for modern technologies – Boston, USA. It is part of a new technology incubator, attracting innovators and technology corporations that seek innovative solutions. The Boston metropolitan area alone is home to over 40 hi
Slide 22: Strategic partnership with Manz Asia
Strategic partnership with Manz Asia The partnership includes the purchase of a DPS device from XTPL, which will be installed at the Manz Semiconductor Innovation R&D Center in Taoyuan, Taiwan. The installation will enable joint demonstrations and evaluations of the UPD technology for industrial cli
Slide 23: XTPL's strong presence at industry events
XTPL’s strong presence at industry events Enhancing XTPL’s global visibility through participation in major international industry events. Careful and focused targeting of key conferences generates more business meetings and sales opportunities, reinforcing XTPL’s position as an expert in the next-g
Slide 24: Financial Performance
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Slide 25: Highest-ever total revenue and commercial sales
Highest-ever total revenue and commercial sales Figures in PLN thousand Revenues from the Commercial sales of +12% commercial sales of products and services products and services share in total revenues 13 696 ▪ Record-high annual revenues to date 13 418 12 274 PLN 13.7 million in commercial sales (
Slide 26: Strong cost discipline and expenditure optimization
Strong cost discipline and expenditure optimization Figures in PLN thousand 2025 2024 Q4 2025 Q4 2024 ▪ Improvements in working capital management, combined Revenue from the sale of products with optimization measures across the entire cost structure, 13 696 12 274 3 423 5 613 and services have led
Slide 27: XTPL cash flows in 2025
XTPL cash flows in 2025 Figures in PLN thousand 912 1871 267 14 24 954 5 779 301 5 132 436 10 273 1407 080 13 696 1 184 1 479 2 684 1 628 4 736 2 937 3 422 7 759 27 686 17 144 27 686 27 686 15 795 24 129 9 948 27 882 6 607 01.01.2025 sprzedaż amortyzacja dotacje kapitał obrotowy przepływy koszt sprz
Slide 28: PLN 19.5m gross from the share issue and PLN 10.1m in grants
PLN 19.5m gross from the share issue and PLN 10.1m in grants The Strategy was updated during 2025, due to a more conservative estimate of the sales pace of UPD modules within current and future industrial implementations, identified a capital gap in Q2 2026 of approximately PLN 15–20 million. The Co
Slide 29: Target of PLN 100 million in commercial sales
Target of PLN 100 million in commercial sales XTPL's 2026-2028 strategy aims to achieve PLN 100 million in revenues from the sale of products and services in 2028 and EBITDA margin of at least 20%. The implementation of the plan is based on the diversified involvement of all business lines, includin
Slide 30: Outlook for XTPL business lines within the strategy horizon
Outlook for XTPL business lines within the strategy horizon 2026 2027 2028 Another industrial Multiple simultaneous industrial implementations with leading global UPD modules implementation manufacturers of next-generation electronics 10–15 DPS devices sold A gradual YoY growth in sales 10–20 DPS de
Slide 31: Summary
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Slide 32: Historically highest revenue scaling potential
Historically highest revenue scaling potential In the microprinting industry, we are the only company in the world that has begun deploying its proprietary technology at an industrial scale. In parallel, we have five additional projects at an advanced evaluation stage with global electronics manufac
Slide 33: XTPL poised for growth
XTPL poised for growth XTPL has the resources, capabilities and experience necessary to achieve a step-change in sales growth to PLN 100 million in 2028. The updated Strategy for 2026–2028 takes into account the time-consuming nature of processes aimed at industrial deployment of the technology on p
Slide 34: Thank you
Thank you XTPL S.A. Legnicka 48E 54-202 Wrocław, Poland xtpl.com Contact for investors: investors@xtpl.com Mardoniusz Maćkowiak mardoniusz.mackowiak@ccgroup.pl +48 605 959 539
Slide 35: Appendix
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Slide 36: 2026–2028 Strategy aligned with market realities
2026–2028 Strategy aligned with market realities After nearly three years of implementing the 2023–2026 Strategy, during which the Company achieved most of its planned objectives, the approach to industrial implementations is being adjusted to better align the organization with the pace of market ad
Slide 37: Investment program implementation summary
Investment program implementation summary Between 2023 and 2025, XTPL successfully executed an investment program worth nearly PLN 60 million, focusing on strengthening key areas: sales, production, R&D and organizational development aligning internal processes with strategic objectives. The impleme
Slide 38: Patent cloud secures XTPL technology
Patent cloud secures XTPL technology Intellectual property is one of the key competitive advantages of XTPL and its global solutions are being systematically secured by expansion of the patent cloud with protection obtained from the moment of patent submission. Patent groups of submitted application