TAURON Estimated Results for FY 2025 and Q4 2025

Estimated results for FY 2025 and Q4 2025

16 March 2026

TAURON Polska Energia S.A.

(LEI No: 259400NAPDFBOTNCRL54)

TAURON Polska Energia Capital Group's estimated results for FY 2025 and Q4 2025 and TAURON Polska Energia S.A. estimated results for FY 2025

TAURON Polska Energia S.A. ("Issuer") announces selected estimated consolidated financial and operating figures of TAURON Polska Energia S.A. Capital Group ("TAURON Group") for FY 2025 and Q4 2025 as well as estimated financial figures of TAURON Polska Energia S.A. for FY 2025.

Selected estimated consolidated financial figures of TAURON Group for:

(a) FY 2025

Sales revenue and compensations: PLN 34,358 million

EBITDA (operating profit increased by depreciation, amortization and write downs for non-financial assets): PLN 7,511 million, out of which:

- Distribution Segment's EBITDA: PLN 4,788 million

- RES Segment's EBITDA: PLN 572 million

- Generation Segment's EBITDA: PLN 948 million

- Heat Segment's EBITDA: PLN 296 million

- Supply and Wholesale Trading Segment's EBITDA: PLN 662 million

EBIT (operating profit): PLN 5,092 million

Gross profit: PLN 4,253 million

Net profit: PLN 3,315 million

CAPEX: PLN 5,641 million

Net debt as of December 31, 2025: PLN 10,337 million

Net debt/ EBITDA as of December 31, 2025: 1.4x

(b) Q4 2025

Sales revenue and compensations: PLN 9,240 million

EBITDA (operating profit increased by depreciation, amortization and write downs for non-financial assets): PLN 1,369 million, out of which:

- Distribution Segment's EBITDA: PLN 967 million

- RES Segment's EBITDA: PLN 153 million

- Generation Segment's EBITDA: PLN 209 million

- Heat Segment's EBITDA: PLN 115 million

- Supply and Wholesale Trading Segment's EBITDA: PLN (111) million

EBIT (operating profit): PLN 832 million

Gross profit: PLN 679 million

Net profit: PLN 416 million

CAPEX: PLN 1,974 million

Selected estimated financial figures of TAURON Polska Energia S.A. for FY 2025:

Sales revenue: PLN 18,795 million

EBIT (operating profit): PLN 465 million

Gross profit: PLN 3,351 million

Net profit: PLN 3,307 million

Selected estimated operating figures for:

(a) FY 2025

Electricity distribution: 52.05 TWh, out of which to end customers: 50.63 TWh

Gross electricity production: 12.24 TWh, out of which from RES: 1.78 TWh

Heat production: 11.39 PJ

Heat Supply: 13,79 PJ

Retail electricity supply: 25.17 TWh

(b) Q4 2025

Electricity distribution: 13.51 TWh, out of which to end customers: 13.10 TWh

Gross electricity production: 3.86 TWh, out of which from RES: 0.52 TWh

Heat generation: 4.31 PJ

Heat Supply: 5,30 PJ

Retail electricity supply: 6.94 TWh

Additionally, the Issuer informs that TAURON Group's consolidated financial results for FY 2025 and Q4 2025 were affected in particular by the following one-off events:

- recognizing of a provision in the amount of PLN 277 million resulting from the receipt of decision of the President of the Energy Regulatory Office on the obligation of TAURON Sprzedaż Sp. z o.o. and TAURON Sprzedaż GZE Sp. z o.o. to transfer the abovementioned amount to the Price Difference Payment Fund (Current Report No. 5/2026), established pursuant to the Act of October 27, 2022 on extraordinary measures aimed at limiting electricity prices and supporting certain consumers in 2023. Recognizing of the provision will reduce the consolidated operating profit and EBITDA by PLN 277 million.

- recognizing of a provision in the amount of PLN 146 million for onerous contracts in the Supply and Wholesale Trading Segment following the approval by the President of the Energy Regulatory Office (ERO) of G Tariff for 2026, which, in the Group's assessment, does not cover the costs of contract performance (Current Report No. 46/2025). Recognizing of the provision will reduce consolidated operating profit and EBITDA by PLN 146 million.

- reversal of impairment losses on tangible and intangible fixed assets and rights to use assets in the Heat Segment in the amount of PLN 47 million, following impairment tests conducted on the assets. As part of the work related to the preparation of the consolidated report for FY 2025, the Issuer has determined that the reversal of the above write-downs is justified and is therefore updating the information provided in Current Report No. 4/2026. The reversal of the write-downs will increase the Issuer's Capital Group's consolidated operating profit for Q4 2025 and FY 2025 by the same amount, while having no impact on EBITDA.

With regard to the financial statements of TAURON Polska Energia S.A., the Issuer informs that the Issuer's financial results for FY 2025 and Q4 2025 were influenced by the reversal of impairment losses on shares in TAURON Ciepło Sp. z o.o. and an increase in the valuation of the loan granted to TAURON Wytwarzanie S.A., recognized as a result of analyses conducted as part of impairment tests as of December 31, 2025. The aforementioned reversal of impairment losses and increase in the loan value contributed to an increase in the Issuer's gross financial result for FY 2025 by PLN 392 million (Current Report No. 4/2026 of March 3, 2026).

The financial results presented above are estimates and may be subject to change. The final figures will be presented in TAURON Polska Energia S.A. FY 2025 financial report and in TAURON Capital Group's FY 2025 consolidated financial report, scheduled to be published on March 30, 2026.

Legal basis: Art. 17 sec. 1 of MAR - inside information