CR 14-2026 Selected data 1Q 2026

Current Report 14/2026 Orange Polska S.A., Warsaw, Poland

22 April 2026

Pursuant to Article 17(1) of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC, the Management Board of Orange Polska S.A. hereby provides selected financial and operating data related to the activities of the Orange Polska Capital Group ("the Group", "Orange Polska") for 1Q 2026.

Disclosures on performance measures have been presented in the Note 2 to Condensed IFRS Quarterly Consolidated Financial Statements of the Orange Polska Group for the 3 months ended 31 March 2026 (available at https://www.orange-ir.pl/results-center/).

• Robust financial performance:

  • Revenues at PLN 3,183 million +2.9% yoy fuelled by core telecom services (+5% yoy), IT&IS (+7% yoy) and wholesale (+6% yoy),

  • EBITDAaL at PLN 913 million +9.5% yoy supported by strong underlying business trends (commercial growth and cost discipline) and a positive impact of VAT recovery on bad debts

  • Organic Cash Flow +175 million yoy supported by EBITDAaL growth, strong proceeds from real estate sales and lower capex

• Good commercial momentum:

  • Demonstrated by consistent growth of customer bases of all key telecom services and solid growth of ARPO. Orange was a market leader in mobile number portability in 1Q.

• Full-year guidance confirmed

  key figures (PLN million)	1Q 2026	1Q 2025	Change comparable basis1	Change reported basis
  Revenue	3,183	3,0941	+2.9%	+1.0%
  EBITDAaL	913	8341	+9.5%	+11.1%
  EBITDAaL margin	28.7%	27.0%1	+1.7 p.p.	+2.6%
  operating income	443	312		+42.0%
  net income	295	191		+54.5%
  eCapex	300	431		-30.4%
  organic cash flow	86	-89		+175m

  1 comparable base (cb) following sale of Orange Energia in June 2025

  Commenting on 1Q 2026 performance, Liudmila Climoc, Chief Executive Officer, said:

  "Our first quarter performance has been remarkable, providing strong momentum towards the achievement of our annual goals.

  A clear illustration of this successful quarter is our return, after a few years, to the number one position in mobile number portability with a net gain of 17 thousand customers. This success is a result of systematic improvements made quarter by quarter and serves as evidence that customers value our superior connectivity, convenience, and comprehensive services. This was part of our overall strong commercial performance in Q1, with customer bases and ARPO increasing year-over-year at a healthy pace across all key service areas. In line with our balanced volume and value-driven strategy, we also implemented service price increases, supporting sustainable revenue growth for the future.

  These commercial achievements were matched with outstanding financial results, with 9.5% year-on-year EBITDAaL growth and significant improvement in cash flow generation. They reflect a strong business trajectory and disciplined cost and capex management as we progress in our transformation programme.

  Our next focus is on executing our commercial roadmap to deliver competitive offers and a consistent customer experience, while also maintaining cost control to enhance operating leverage and margins. These Q1 results give us high confidence to deliver full-year guidance and create further shareholder value, despite a demanding and volatile market environment."

  Results Review
• 1Q revenue +2.9% yoy driven by core telecom services, IT&IS and wholesale

  Revenues totalled PLN 3,183 million in 1Q 2026 and (on comparable basis) were up by PLN 89 million year-on-year (+2.9%). Core telecom services (combined revenues of convergence, mobile-only and broadband-only) increased by 4.8% year-on-year. This growth reflected unwavering dynamics in convergence, fibre and mobile post-paid (as a result of simultaneous expansion of the customer bases and ARPOs) as well as lower dynamics in pre-paid revenues due to high comparable base (price hikes made in 4Q'24 and 1Q'25). IT&IS revenues were up 7.2% year-on-year driven mainly by integration contracts and resale of software licenses. Wholesale revenues (ex. legacy) increased 6.1% year-on-year as the new fibre contract and infrastructure services offset the end of the national roaming contract.

• Commercial activity: solid growth of customer bases and ARPO across all key services in 1Q

  ▪ +4% yoy growth of B2C convergent customers, +14k net adds in 1Q

  • Convergent ARPO +4.2% yoy

  • +10% yoy growth of fibre retail customers, +34k net adds in 1Q

    • 10.1 million households connectable with fibre

    • Fixed broadband-only ARPO +3.7% yoy

      ▪ +4% yoy growth of post-paid mobile handset customers, +73k net adds in 1Q

    • Mobile-only handset ARPO +0.9% yoy

      KPI ('000)	1Q 2026	1Q 2025	Change
      convergent customers (B2C)	1,870	1,800	+3.9%
      mobile accesses (SIM cards)	20,233	18,895	+7.1%
      post-paid	15,886	14,634	+8.6%
      o/w mobile handset	9,615	9,271	+3.7%
      pre-paid	4,347	4,262	+2.0%
      fixed broadband accesses (retail)	2,950	2,898	+1.8%
      o/w fibre	1,761	1,605	+9.7%

      KPI (PLN)	1Q 2026	1Q 2025	Change
      convergent ARPO	132.3	127.0	+4.2%
      mobile handset-only ARPO	30.0	29.8	+0.9%
      fixed broadband-only ARPO	71.0	68.5	+3.7%

      B2C convergent customer base increased by 14 thousand quarter-on-quarter or by 4% year-on-year, reaching 1.87 million. ARPO from convergent customers maintained solid dynamics growing by 4.2% year-on-year to PLN 132.3 owing to our value strategy, good demand for content and higher speed fibre offers.

      Total fixed broadband customer base expanded by 5 thousand quarter-on-quarter or by 2% year-on-year. Fibre customers base expanded by 34 thousand quarter-on-quarter or 10% year-on-year. Already 60% of our broadband customer base uses fibre. The legacy copper broadband technologies customer base continued to decrease and was lower by 32 thousand versus previous quarter. ARPO from broadband-only services stood at PLN 71.0 and grew by 3.7% year-on-year benefitting from our value strategy and growing share of fibre customers (fibre generates higher ARPO versus other technologies).

      Mobile handset customer base increased 73 thousand quarter-on-quarter or 4% year-on-year. This strong growth was fuelled by all our B2C offers and B2B. Mobile-only handset ARPO stood at PLN 30.0 and increased by 0.9% year-on-year. This evolution reflects 5% year-on-year growth of ARPO of the main Orange brand on the consumer market offset by a flat ARPO in B2B and growing share of Nju and Flex brand customers in the mobile-only customer base, with lower ARPO versus the main Orange brand.

      Pre-paid customer base decreased 26 thousand in 1Q but it was up 2% year-on-year. ARPO from pre-paid offers stood at PLN 15.4 decreasing 4.8% year-on-year as some of the value actions implemented in Q4'24 and Q1'25 had a non-recurring impact on ARPO.

      In PSTN fixed voice, net loss of lines stood at 33 thousand, a similar level to previous quarters reflecting structural market shift.

• 1Q EBITDAaL +9.5% yoy reflecting strong underlying trends and one-off related to VAT recovery EBITDAaL for 1Q 2026 was PLN 913 million and (on comparable basis) was up as much as 9.5% year-on-year or PLN 79 million. This outstanding dynamics reflected positive underlying business trends and PLN 28 million non-recurring impact of bad debts VAT relief from the past (mainly 2019-2020). Excluding the one-off, EBITDAaL increased by a strong 6.1% year-on-year due to growth of the direct margin and cost discipline. Direct margin (a difference between revenues and direct costs) grew 4.5% year-on-year benefitting from revenue growth of high-margin core telecom services and wholesale. Indirect costs were flat year-on-year reflecting positive impact from ongoing cost transformation in many areas, including labour and network operations.
• 1Q net income +54% yoy due to higher EBITDAaL and strong gains on real estate sales

  Net income for 1Q 2026 was PLN 295 million and was up 54% year-on-year (or PLN 104 million). The growth was driven by higher EBITDAaL and gain on real estate sales which increased PLN 46 million year-on-year. Depreciation was higher by PLN 15 million year-on-year as amortisation of a new 700MHz spectrum license and change in the capex structure offset impact of the extension of useful life of certain fixed assets.

• 1Q Organic Cash Flow much higher yoy due to strong real estate sales and lower capex

Organic cash flow for 1Q 2026 came at PLN 86 million and was PLN 175 million higher year-on-year. It benefitted from strong proceeds from real estate sales and lower capex which was impacted by harsh winter conditions. Operating cash flow was up 1% year-on-year as EBITDAaL growth was largely offset by higher working capital requirement (mostly due to inventory restocking).

Disclosures on performance measures have been presented in the Note 2 to Condensed IFRS Quarterly Consolidated Financial Statements of the Orange Polska Group for the 3 months ended 31 March 2026 (available at https://www.orange-ir.pl/results-center/).

Add-back of depreciation, amortisation and impairment of property, plant and equipment and intangible assets

Add share of loss of joint venture adjusted for elimination of margin earned on asset related transactions with joint venture

535 520

32 30

Interest expense on lease liabilities -35 -36

Adjustment for the impact of employment termination programs and reorganisation costs

-12 0

Adjustment for the impact of deconsolidation of Orange Energia 0 12

*Comparable base following sale of Orange Energia in June 2025

Forward-looking statement

This press release contains forward-looking statements, including, but not limited to, statements regarding anticipated future events and financial performance with respect to our operations. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like 'believe', 'expect', 'anticipate', 'estimated', 'project', 'plan', 'adjusted' and 'intend' or future or conditional verbs such as 'will,' 'would,' or 'may.' Factors that could cause actual results to differ materially from expected results include, but are not limited to, those set forth in our Registration Statement, as filed with the Polish securities and exchange commission, the competitive environment in which we operate, changes in general economic conditions and changes in the Polish and/or global financial and/or capital markets. Forward-looking statements represent management's views as of the date they are made, and we assume no obligation to update any forward-looking statements for actual events occurring after that date. You are cautioned not to place undue reliance on our forward-looking statements.

11:00 (Warsaw) / 10:00 (London) / 05:00 (New York)

The presentation will take place on-line. It will be available via a live conference call. To attend the conference please dial:

or click on the link for web dial in:

https://mm.closir.com/slides?id=411064

You will be able to ask voice questions as well by telephone as by connecting via web dial in. The recording from the conference call will be later available on the IR website.