PGE Polska Grupa Energetyczna S.A.

Earnings Release • Sep 9, 2025

	Period ended June 30,		Period ended June 30,
	2025	2024	2025	2024
	(not audited)	(not audited) data restated*	(not audited)	(not audited) data restated*
	PLN million		EUR million
Sales revenues	15 461	23 493	3 663	5 450
Net profit/loss from operating activities	578	745	137	173
Gross profit/loss (before taxation)	4 798	1 524	1 137	354
Net profit/loss for the reporting period	4 510	1 243	1 069	288
Total income	4 428	1 255	1 049	291
Net cash from operating activities	-1 111	-2 240	-263	-520
Net cash from investing activities	9 436	5 873	2 236	1 362
Net cash from financial activities	1 694	-3 306	401	-767
Net change in cash and cash equivalents	10 019	327	2 374	76
Net earnings per share (in PLN/EUR per share)	2.01	0.55	0.48	0.13
Diluted earnings per share (in PLN/EUR per share)	2.01	0.55	0.48	0.13
Weighted average number of shares (issued ordinary shares used for calculation of EPS)	2 243 712 994	2 243 712 994	2 243 712 994	2 243 712 994

Selected standalone financial data

of PGE Polska Grupa Energetyczna S.A.

* The change results from the adjustment of the presentation of other operating income and expenses as well as financial income and expenses, which in the previously published financial statements were offset and presented on a net basis instead of in an open format (separately).

	As at		As at
	June 30, 2025 (not audited)	December 31, 2024 (audited) data restated**	June 30, 2025 (not audited)	December 31, 2024 (audited) data restated**
		PLN million		EUR million
Non-current assets	26 286	25 067	6 197	5 866
Current assets	40 662	39 816	9 586	9 318
Total assets	66 948	64 883	15 783	15 184
Equity	50 824	46 396	11 981	10 858
Share capital	19 184	19 184	4 523	4 490
Long-term liabilities	9 317	8 636	2 196	2 021
Short-term liabilities	6 807	9 851	1 605	2 305

** The change results from the adjustment of the presentation of commodity instrument valuations in an open format and the classification of commodity and currency forwards' valuations according to their maturity dates.

Above financial data were converted into EUR according to the following rules:

• particular items of the assets and liabilities according to average exchange rate published by the National Bank of Poland EUR/PLN as of June 30,2025 – 4.2419 EUR/PLN and December 31, 2024 – 4.2730 EUR/PLN.
• particular items of statement of comprehensive income and statement of cash flows according to the exchange rate constituting an arithmetic average of average exchange rates set out by the National Bank of Poland at the end of every month of the reporting period from January 1, 2025 till June 30, 2025 – 4.2208 EUR/PLN; and for the period from January 1, 2024 till June 30, 2024 – 4.3109 EUR/PLN.