GPW - Giełda Papierów Wartościowych w Warszawie S.A. — Interim / Quarterly Report 2026

May 25, 2026

SELECTED CONSOLIDATED FINANCIAL DATA

OF THE GIEŁDA PAPIERÓW WARTOŚCIOWYCH W WARSZAWIE S.A. GROUP

Selected data in the statement of consolidated comprehensive income and consolidated statement of financial position, under IFRS

Consolidated statement of comprehensive income

	Three months period ended 31 March (unaudited)
	2026	2025	2026	2025
	PLN'000		EUR'000[1]
Sales revenue	168,759	132,314	39,784	31,618
Operating expenses	(97,318)	(87,022)	(22,942)	(20,795)
Gains on reversed impairment of receivables/(Losses) on impairment of receivables	(927)	(46)	(219)	(11)
Other revenue	636	1,023	150	244
Other expenses	(858)	(293)	(202)	(70)
Operating profit	70,292	45,976	16,571	10,986
Financial income	4,363	5,819	1,029	1,391
Financial expenses	(895)	(1,088)	(211)	(260)
Share of profit/(loss) of entities measured by the equity method	11,070	10,330	2,610	2,468
Profit before tax	84,830	61,037	19,998	14,585
Income tax expense	(14,137)	(10,221)	(3,333)	(2,442)
Net profit for the period	70,693	50,816	16,665	12,143
Basic/Diluted net earnings per share	1.66	1.20	0.39	0.29
EBITDA[2]	77,864	54,715	18,356	13,075

[1] The arithmetic mean of the average exchange rates announced by the National Bank of Poland applicable on the last day of each month was used (in the period of 3 months of 2026, 1 EUR = 4.2419 PLN, in the period of 3 months of 2025, 1 EUR = 4.1848 PLN).
[2] EBITDA = operating profit + depreciation/amortisation.

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Consolidated statement of financial position

	As at
	31 March 2026 (unaudited)	31 December 2025	31 March 2026 (unaudited)	31 December 2025
	PLN'000		EUR'000[1]
Non-current assets:	900,910	864,133	210,032	204,446
Property, plant and equipment	103,509	107,117	24,131	25,343
Right-to-use assets	19,748	20,419	4,604	4,831
Intangible assets	364,981	355,575	85,089	84,126
Investment in entities measured by the equity method	344,931	334,546	80,415	79,151
Other non-current assets	67,741	46,476	15,793	10,996
Current assets:	614,088	488,915	143,164	115,673
Trade receivables and other receivables	138,213	81,188	32,222	19,208
Financial assets measured at amortised cost	313,832	183,321	73,165	43,372
Cash and cash equivalents	160,472	222,903	37,411	52,737
Other current assets	1,571	1,503	366	356
TOTAL ASSETS	1,514,998	1,353,048	353,196	320,119
Equity	1,213,393	1,142,222	282,882	270,240
Non-current liabilities:	76,149	77,287	17,753	18,285
Lease liabilities	13,473	14,824	3,141	3,507
Other liabilities	62,676	62,463	14,612	14,778
Current liabilities:	225,456	133,539	52,561	31,594
Lease liabilities	7,301	7,098	1,702	1,679
Other liabilities	218,155	126,441	50,859	29,915
TOTAL EQUITY AND LIABILITIES	1,514,998	1,353,048	353,196	320,119

[1] At the average exchange rate EUR/PLN of the National Bank of Poland as at 31.03.2026 r. (1 EUR = 4.2894 PLN) and as at 31.12.2025 (1 EUR = 4.2267 PLN).

Selected financial indicators

	As at/Three months period ended 31 March (unaudited)
	2026	2025
EBITDA margin (EBITDA/Sales revenue)	46.1%	41.4%
Operating profit margin (Operating profit/Sales revenue)	41.7%	34.7%
Return on equity (ROE) (Net profit for last 12 months/Average equity at the beginning and at the end of the 12-month period)	18.6%	14.4%
Debt to equity (interest-bearing liabilities/Equity)	1.7%	2.4%
Cost / income (GPW Group operating expenses / GPW Group sales revenue for a 3-month period)	57.7%	65.8%