Financial Results of the GPW Group Q1 2025

15 May 2025

Warsaw

I

Key achievements Q1 2025

II

Financial results Q1 2025

III

Outlook 2025

IV

Q&A

Warsaw Stock Exchange | 2

Q1 2025

Record quarterly revenues of WSE Group in Q1 2025: PLN 132.3 mn, increase by 11.9% YoY - Financial Market revenue grew by 14.7% YoY, Commodity Market revenue grew by 9.1% YoY

Record-high WSE Main Market cash equities turnover: PLN 111.2 bn (+34.6% YoY), record index levels in Q1 2025 - WIG20 TR +22.7%, WIG +20.6%

Operating costs in Q1 2025: PLN 87.0 mn, up by 5.3% YoY, resulting in C/I ratio decline to 65.8% from 69.9% in Q1 2024; change in Polish Financial Supervision Authority fee structure - now evenly distributed across all quarters

Earnings growth: EBITDA increase by 25.7% to PLN 54.7 mn; net profit 1 rose by 27.8% YoY to PLN 50.5 mn

Recommendation to pay a dividend of PLN 132.2 mn, i.e. PLN 3.15 per share. The dividend is to represent 88.7% of the consolidated net profit for 2024

In April, the WSE Supervisory Board appointed Dominika Niewiadomska-Siniecka as a Member of the Management Board responsible for legal and regulatory affairs

1 Net profit attributable to owners of parent entity Warsaw Stock Exchange | 4

Budapest Turquoise Cboe Europe

WSE

Deutsche Börse

Prague Athens Euronext

Vienna

42.6%

38.4%

37.3%

35.0%

34.6%

31.5%

28.4%

SIX 20.9%

BME 13.7%

Nasdaq N&B 8.9% Bucharest

YoY, % (in EUR)

-31.8%

58.8%

58.3%

turnover value

EUR bn

2 918

99 652

717 349

26 632

379 053

1 630

9 200

777 426

9 166

210 328

83 593

198 517

478

Deutsche Börse

WSE

Euronext Athens

SIX

Nasdaq N&B

BME

Vienna Budapest Prague Bucharest

78.4%

56.6%

54.9%

48.5%

46.4%

43.9%

43.0%

32.0%

28.2%

15.3%

4.9%

Source: FESE

1 FESE exchanges with annual turnover above EUR 2B

2 Velocity ratio: EOB turnover in domestic stocks as a % of average market capitalization of domestic companies; average ratios based on monthly data for March 2025

Warsaw Stock Exchange | 5