Selected operational and financial data by business segments

Macroeconomic situation

Margins Exchange rates Fuel consumption

Selected financial data Key financial data EBITDA, EBIT, Depreciation Refining Petrochemical Energy Retail

Upstream Gas Corporate functions P&L Balance sheet CashFlow

Selected operating data Production Sales Energy_Upstream_Gas

Historical data

Key financial data '13-'19 EBITDA, EBIT, Depreciat. '13-'19 Downstream '13-'19 P&L '13-'17 P&L '18 Balance sheet '13-'15 Balance sheet '16 Balance sheet '17-'18 CashFlow '13-'15 CashFlow '16-'17 CashFlow '18 CashFlow '19 CashFlow '20 CashFlow '21 CashFlow '22 Production '13-'19 Sales '13-'19 Energy_Upstream_Gas_His Companies of the former PGNiG

Macroeconomic situation

Macroeconomic parameters
Item	Q1 2013	Q2 Q3 2013 2013	Q4 2013	12 months 2013	Q1 Q2 2014 2014	Q3 2014	Q4 2014	12 months 2014	Q1 Q2 2015 2015	Q3 2015	Q4 2015	12 months 2015	Q1 2016	Q2 Q3 2016 2016	Q4 2016	12 months 2016	Q1 2017	Q2 2017	Q3 Q4 2017 2017	12 months 2017	Q1 2018	Q2 2018	Q3 Q4 2018 2018	12 months 2018	Q1 2019	Q2 Q3 2019 2019	Q4 2019	12 months 2019	Q1 2020	Q2 2020	Q3 Q4 2020 2020	12 months 2020	Q1 2021	Q2 2021	Q3 2021	Q4 12 months 2021 2021	Q1 2022	Q2 2022	Q3 2022	Q4 2022	12 months 2022	Q1 Q2 2023 2023	Q3 2023	Q4 2023	12 months 2023
Brent crude oil (USD/bbl)	113	102	110 109	109	108	110 102	77	99	54	62	50	44 52	34	46	46	49 44	54	50	52	61	54 67	74	75	69 71	63	69	62	63 64	50	30	43	44	42 61	69	74	80	71	102	114 101	89	101	81	78 87	84	83
Brent / URAL differential (USD/bbl)1	-1,7	-0,7	-0,2 -1,4	-1,0	-1,4	-2,2 -1,8	-1,5	-1,7	-1,7	-1,5	-1,5 -2,7	-1,8	-2,7	-2,6	-2,4 -2,2	-2,5	-2,1	-1,5	-1,0	-0,9	-1,4 -1,6	-2,2	-1,3	-1,0 -1,5	-0,2	-0,5	-1,0	-1,5 -0,8	-2,4	-0,1	0,1	-0,1	-0,6 -1,5	-2,0	-2,3	-1,7	-1,9	-7,8 -12,3	-7,4	-6,4	-8,7	-5,1	-1,8 1,0	2,0	-1,0
WTI crude oil (USD/bbl)	94	94	106 100	99	99	103 98	74	94	49	58	46	42 49	34	46	45	49 44	52	48	48	55	51 63	68	70	59 65	55	60	56	57 57	45	28	41	43	39 58	66	71	77	60	94	108 92	83	94	76	74 82	78	78
Canadian Light Sweet crude oil (USD/bbl)	88	91	101 82	91	91	96 90	67	86	42	55	43	40 45	30	43	42	46 40	49	46	46	52	48 57	61	59	36 53	51	54	52	51 52	39	23	37	38	34 55	63	67	73	56	93	107 89	80	92	74	71 80	71	74
Henry Hub gas (USD/1000m3 )	123	142	125 136	132	183	163 140	133	155	102	97	97	75 93	72	78	103 110	91	108	111	106	104	107 115	104	106	137 116	106	91	87	87 93	68	62	70	83	71 115	108	157	177	119	165	272 287	221	236	100	85 96	106	97
Gas NGX AB-NIT (2A) (USD/1000m3 )	111	113	88 114	107	170	142 123	106	135	75	73	74	62 71	47	40	66	85 60	74	75	48	48	61 59	34	35	43 43	70	30	28	68 49	54	52	60	72	60 87	90	108	142	91	133	197 139	160	157	87	55 69	68	70
Model downstream margin (USD/bbl) 2	12,4	12,1	9,5 9,0	10,7	9,5	10,4 12,9	12,6	11,4	12,6	15,1	15,5 12,0	13,8	11,7	12,2	11,0 12,0	11,7	12,1	13,6	13,9	11,5	12,8 11,4	12,4	12,8	12,1 12,2	10,0	11,1	12,7	9,1 10,7	11,0	7,3	5,4	5,4	7,3 7,1	9,8	9,8	7,6	8,6	-	- -	-	-	-	- -	-	-
Model refining margin (USD/bbl) 3	4,1	5,3	3,3 0,7	3,4	1,3	2,5 4,8	5,0	3,4	7,5	9,7	9,9 5,5	8,2	5,3	6,0	4,3 5,8	5,3	5,3	6,9	7,9	5,3	6,4 4,0	5,2	6,2	4,8 5,1	4,4	5,9	7,1	3,2 5,2	3,4	3,2	1,2	1,0	2,2 0,5	1,5	3,1	4,5	2,4	6,0 26,5	16,4	22,0	17,6	18,3	13,8 21,9	13,9	17,0
Model petrochemical margin (EUR/t) 4	737	729	719 736	730	756	741 782	844	781		746 1 035 1 113	960	968	998	982	957 906	960		930 1 003	911	890	933 902	853	870	921 885	885	906	859	785 859	845	846	828	840				839 1 044 1 473 1 318 1 253 1 273 1 166 1 405 1 155 1 056 1 190 1 018							- -	-	-
Model olefin margin (EUR/t) 5	493	482	448 462	471	477	456 495	517	486	386	490	543 414	460	347	336	372 335	347	387	469	390	363	402 399	374	386	442 400	383	398	368	302 363	383	325	299	307	328 319	389	417	419	386	347	537 492	411	447	354	- -	-	-
Electricity (PLN/MWh) 6	-	-	-	- -	-	-	- -	-	147	155	172 155	157	152	174	149 162	160	155	148	163	165	158 184	210	252	245 223	218	239	250	212 230	177	180	231	246	209 264	305	404	616	398	625	702 1 067	750	787	619	527 504	400	512
Natural gas (PLN/MWh) 6	-	-	-	- -	-	-	- -	-	98	92	87	77 89	65	63	62	81 67	86	72	73	88	80 95	94	111	113 103	88	63	50	63 66	53	33	41	75	51 96	123	227	449	225	478	470 952	466	593	272	173 169	195	202
Quotation of margins (crack margins)
Refining products (USD/t) 7
Gasoline	186	187	176 120	167	145	195 193	135	167	140	215	212 140	177	143	170	125 131	142	142	161	164	139	151 133	160	171	87 138	77	163	154	127 130	94	58	78	71	76 104	144	175	178	151	187	432 287	251	288	300	304 325	201	282
Diesel oil	124	117	117 116	119	107	91 111	122	108	123	116	108	85 108	60	71	66	87 71	77	79	96	91	86 87	97	101	124 102	113	92	115	113 108	91	62	33	33	55 32	37	48	84	50	148	338 328	383	299	245	134 243	217	211
Light heating oil	106	94	94 102	99	95	78 95	104	93	109	104	97	72 96	52	63	61	78 64	74	69	81	80	76 80	82	90	114 91	106	80	107	100 98	86	57	27	29	50 29	31	40	74	44	120	309 302	283	253	213	103 225	199	186
Jet A-1 fuel	183	152	155 166	164	153	136 164	171	156	155	132	120 107	129	84	91	89 110	93	105	106	124	126	115 140	143	139	162 146	146	123	158	148 144	103	18	10	39	43 48	54	68	113	71	178	427 348	361	327	292	161 290	279	257
Heavy heating oil					(242) (198) (243) (253) (234) (251) (254) (215) (180) (225) (133) (147) (140) (147) (142) (122) (147) (119) (110) (125) (118)																		(99) (100) (130) (112) (154) (163) (147) (119) (146) (102) (136) (140) (252) (158) (154)							(62)	(86)	(80)												(96) (122) (152) (162) (180) (154) (247) (279) (325) (311) (291) (239) (164) (138) (192) (184)
SN 150	68	205	121 128	131	97	149 202	194	161	166	198	145 197	177	234	108	106 110	139	151	359	382	289	295 224	176	164	201 191	146	67	119	75 102	169	163	100	261	173 348	713	576	152	445	11	631 788	391	454	106	190 133	194	155
Petrochemical products (EUR/t) 7
Polyethylene 8	183	189	202 188	191	200	195 198	242	209	272	481	534 532	459	571	556	475 428	507	422	399	336	321	370 286	263	282	288 280	311	308	299	280 300	273	389	373	386	355 532	845	605	493	621	466	551 471	487	494	464	433 353	381	408
Polypropylene 8															512 487	529	475	489	474	472	478 447	414	392	392 412	421	423	417	409 418	406	467	411	426	427 594	934	797	698	759	655	638 460	438	546	432	429 345	353	391

Ethylene	307 643	297 594	297 292 577 608	298 605	304 603	314 331 562 604	363	328	371	527	539 539	496	561	556
Propylene	467	453	456 494	467	530	545 557	588	589	505	619	671 604	602	606	605	619 608	610	637	689	642	642	653 652	630	644	640 641	578	593	568	543 571	594	478	499	502	518 559	627	678	715	646	664	810 639	606	681	668	664 547	621	625
Toluene	320	292	195 190	249	218	206 276	540	543	454	557	564 373	488	342	334	368 393	359	442	517	471	477	477 510	503	552	568 532	516	511	467	421 480	480	421	444	445	448 515	603	677	730	633	679	820 598	514	654	564	554 421	484	506
Benzene	433	430	334 304	375	411	405 479	276	244	161	228	299 230	231	227	237	167 176	201	240	222	191	167	205 166	192	213	195 191	172	218	224	173 197	222	83	87	64	115 126	195	196	153	164	155	450 619	428	421	413	455 530	348	438
Butadiene	737	713	203 267	480	364	393 381	435	432	180	307	355 264	278	319	293	304 266	296	513	402	329	346	398 335	255	262	189 261	103	174	273	188 184	309	39	90	150	147 306	672	389	298	419	333	422 429	115	331	312	393 233	331	317
Paraxylene	602	527	473 475	519	420	295 369	354 443	373 382	238 336	227 411	393 317 481 427	295 416	272 459	318 438	364 447 431 396	431	350 1 072 1 087 461	459	461 384	393 362	760 415 418 387	583 362	657 431	571 556 628 448	453 534	422 487	362 366	306 387 328 431	356 402	177 327	110 235	282 236	231 335 300 243	442 334	815 339	638 344	562 316	410 262	547 614 393 586	489 593	520 462	396 544	369 115 481 419	173 440	265 472

1) Begining from January 2021, according with the functioning of crude oil market a change in URAL/Brent Differential presentation was implemented. a) Price of Urals < Price of Brent – the differential is presented with a negative sign [-] and has positive impact of financial results due to cheaper input, b) Price of Urals > Price of Brent – the differential is presented with a positive sign [+] and has negative impact of financial results due to more expensive input. In order to ensure comparability the historical data for 2013-2020 were corrected.

2) Model downstream margin (MDM) = Revenues (90.7% Products = 22.8% Gasoline + 44.2% Diesel oil + 15.3% HHO + 1.0% SN 150 + 2.9% Ethylene + 2.1% Propylene + 1.2% Benzene + 1.2% PX) – Expenses (100% input = 6.5% Brent crude oil + 91.1% URAL crude oil + 2.4% natural gas). From January 1st of 2022 differential is calculated based on actual share of processed crude oils types in given period. Spot market quotations.

3) Model refining margin = Revenues (Products (93.5%) = 36% Gasoline + 43% Diesel oil + 14.5% HHO) minus expenses (100% input: Brent crude oil and other raw materials valued at Brent crude); product prices based on USD/bbl quotations. 4) Model petrochemical margin = Revenues (98% Products = 44% HDPE + 7% LDPE + 35% PP homo + 12% PP copo) – products prices based on contract quotations minus expenses (100% input = 75% Naphtha + 25% LS VGO) – products prices based on spot quotations.

5) Model petrochemical margin of olefins = Revenues (100% Products = 50% Ethylene + 30% Propylene + 10% Benzene + 10% Toluene) – products prices based on contract quotations minus expenses (100% input = 75% Naphtha + 25% LS VGO); products prices based on quotations. Starting from 2016 Model petrochemical margin of olefins = Revenues (100% Products = 0.85*Ethylene*54% + 0.92*Propylene*28% + 0.84*Glycols*9% + 0.81*Butadiene*6% + 0.8*Ethylene Oxide*3%) minus expenses (100% Input = 100% Nafta); products prices based on quotations.

6) Based on quotation TGEgasDA published by Towarowa Giełda Energii (TGE). 7) Margins (crack) for refining and petrochemical products (excluding polymers) calculated as difference between a quotation of given product and a quotation of Brent DTD crude oil.

8) Margin (crack) for polymers calculated as difference between quotations of polymers and monomers.

Exchange rates

1) Based on exchange rates published by NBP, Czech Republic National Bank and Bank of Lithuania (for the years 2013-2014).

		Average exchange rates 1)																								Period end exchange rates 1)
Currency	12 months 2013	12 months 2014	12 months 2015	12 months 2016	12 months 2017	12 months 2018	12 months 2019	12 months 2020	Q1 2021	Q2 2021	Q3 2021	Q4 2021	12 months 2021	Q1 2022	Q2 2022	Q3 2022	Q4 2022	12 months 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	12 months		2023 Q4 2013 Q4 2014 Q4 2015 Q4 2016 Q4 2017 Q4 2018 Q4 2019 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023
USD/PLN	3,16	3,15	3,77	3,94	3,78	3,61	3,84	3,90	3,78	3,76	3,87	4,04	3,86	4,13	4,36	4,71	4,64	4,46	4,39	4,17	4,14	4,11	4,20	3,01	3,51	3,90	4,18	3,48	3,76	3,80	3,76	3,97	3,80	3,99	4,06	4,18	4,48	4,95	4,40	4,29	4,11	4,37	3,94
EUR/PLN	4,20	4,19	4,18	4,36	4,26	4,26	4,30	4,44	4,55	4,53	4,57	4,62	4,57	4,63	4,65	4,75	4,73	4,69	4,71	4,54	4,50	4,42	4,54	4,15	4,26	4,26	4,42	4,17	4,30	4,26	4,61	4,66	4,52	4,63	4,60	4,65	4,68	4,87	4,69	4,68	4,45	4,64	4,35
CZK/PLN	0,16	0,15	0,15	0,16	0,16	0,17	0,17	0,17	0,17	0,18	0,18	0,19	0,19	0,19	0,19	0,19	0,19	0,19	0,20	0,19	0,19	0,18	0,19	0,15	0,15	0,16	0,16	0,16	0,17	0,17	0,18	0,18	0,18	0,18	0,19	0,19	0,19	0,20	0,19	0,20	0,19	0,19	0,18
CAD/PLN	3,07	2,85	2,95	2,98	2,91	2,79	2,89	2,91	2,98	3,06	3,08	3,19	3,19	3,26	3,41	3,61	3,42	3,43	3,25	3,11	3,08	3,02	3,11	2,83	3,03	2,81	3,10	2,78	2,76	2,91	2,95	3,15	3,06	3,14	3,19	3,34	3,47	3,62	3,25	3,17	3,1	3,25	2,97
CAD/USD	0,97	0,90	0,78	0,76	0,77	0,77	0,75	0,75	0,79	0,81	0,80	0,79	0,83	0,79	0,78	0,77	0,74	0,77	0,74	0,75	0,74	0,73	0,74	0,94	0,86	0,72	0,74	0,80	0,73	0,77	0,78	0,79	0,81	0,79	0,79	0,80	0,77	0,73	0,74	0,74	0,75	0,74	0,75
USD/LTL	2,60	2,60	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	2,51	2,84	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
EUR/LTL	3,45	3,45	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	3,45	3,45	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
USD/CZK	19,5	20,8	24,6	24,4	23,4	21,7	22,9	23,2	21,6	21,3	21,6	22,2	21,7	22,0	23,2	24,4	23,9	23,4	22,2	21,7	22,2	22,8	22,2	19,9	22,8	24,8	25,6	21,3	22,5	22,6	21,4	21,9	21,7	22,0	22,0	22,0	23,8	25,2	22,6	21,6	21,8	23,0	22,4
EUR/CZK	26,0	27,5	27,3	27,0	26,3	25,6	25,7	26,4	26,1	25,6	25,5	25,4	25,6	24,7	24,6	24,6	24,4	24,6	23,8	23,6	24,1	24,5	24,0	27,4	27,7	27,0	27,0	25,5	25,7	25,4	26,2	26,0	25,7	25,5	24,9	24,4	24,7	24,6	24,1	23,5	23,7	24,3	24,7

Fuel consumption 1)

Countries, ('000 tonnes)	12 months 2013	12 months 2014	12 months 2015	12 months 2016	12 months 2017	12 months 2018	12 months 2019	Q1 2020	Q2 2020	Q3 2020	Q4 2020	12 months 2020	Q1 2021	Q2 2021	Q3 2021	Q4 2021	12 months 2021	Q1 2022	Q2 2022	Q3 2022	Q4 2022	12 months 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	12 months 2023
Poland	14 659	14 641	15 522	17 329	20 370	21 370	22 169	5 065	4 871	5 884	5 449	21 269	4 982	5 685	6 372	6 006	23 045	5 659	5 879	6 082	5 880	23 500	5 312	5 966	6 690	6 298	24 266
Gasoline	3 633	3 653	3 762	4 028	4 346	4 521	4 736	1 039	968	1 284	1 099	4 390	1 003	1 222	1 378	1 227	4 830	1 192	1 352	1 324	1 305	5 173	1 149	1 386	1 494	1 342	5 371
Diesel oil	11 026	10 988	11 760	13 301	16 024	16 849	17 433	4 026	3 903	4 600	4 350	16 879	3 979	4 463	4 994	4 779	18 215	4 467	4 527	4 758	4 575	18 327	4 163	4 580	5 196	4 956	18 895
Lithuania	1 303	1 467	1 493	1 645	1 749	1 902	1 971	418	499	577	476	1 970	401	538	596	512	2 047	426	502	537	486	1 951	428	547	549	479	2 003
Gasoline	208	205	205	215	214	234	247	51	68	79	57	254	45	64	81	67	257	60	74	79	69	282	64	83	85	75	308
Diesel oil	1 095	1 261	1 287	1 430	1 534	1 669	1 724	368	431	498	419	1 715	355	474	515	446	1 790	366	428	458	417	1 669	363	464	464	404	1 695
Czech Republic	5 708	5 907	6 117	6 338	6 498	6 559	6 641	1 464	1 487	1 766	1 540	6 257	1 365	1 647	1 887	1 729	6 628	1 599	1 683	1 730	1 751	6 763	1 589	1 794	1 814	1 727	6 924
Gasoline	1 570	1 570	1 576	1 605	1 601	1 605	1 616	342	350	446	330	1 468	274	384	460	398	1 516	360	409	421	402	1 592	372	443	454	416	1 685
Diesel oil	4 138	4 337	4 541	4 733	4 897	4 954	5 025	1 122	1 137	1 320	1 210	4 789	1 091	1 263	1 427	1 331	5 112	1 239	1 274	1 309	1 349	5 171	1 217	1 351	1 360	1 311	5 239
Germany	53 302	54 114	54 982	56 139	56 999	55 312	55 814	12 997	11 621	13 915	12 849	51 381	10 850	12 890	14 258	13 729	51 726	12 204	12 608	13 741	13 204	51 757	12 066	12 836	12 971	12 929	50 802
Gasoline	18 451	18 527	18 226	18 238	18 296	17 837	17 966	4 108	3 562	4 572	3 976	16 218	3 463	4 068	4 639	4 345	16 515	3 896	4 264	4 574	4 261	16 996	4 069	4 453	4 472	4 473	17 468
Diesel oil	34 851	35 587	36 756	37 901	38 703	37 475	37 848	8 889	8 059	9 342	8 873	35 163	7 386	8 822	9 619	9 384	35 211	8 308	8 344	9 167	8 943	34 761	7 997	8 383	8 499	8 456	33 335
Slovakia	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	610	708	686	701	2 705	664	666	710	674	2 714
Gasoline	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	141	171	182	167	661	163	174	179	164	679
Diesel oil	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	469	536	504	534	2 044	501	492	532	510	2 035
Hungary	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1 343	1 478	1 393	1 294	5 508	1 132	1 299	1 419	1 401	5 251
Gasoline	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	361	408	388	374	1 531	334	374	391	403	1 502
Diesel oil	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	982	1 070	1 005	920	3 977	798	925	1 028	998	3 749

1) Estimates prepared based on data of Agencja Rynku Energii S.A., Lithuanian Statistical Office, Czech Statistical Office and Association of the German Petroleum Industry and Eurostat.

Selected financial data

Key financial data

Key financial data [PLN million]	12 months 2019*	12 months 2020	Q1 2021	Q2 2021	Q3 2021	Q4 2021	12 months 2021	Q1 2022	Q2 2022	Q3 2022	Q4 2022	12 months 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	12 months 2023
Sales revenues	111 203				86 180 24 562 29 423 36 442 40 914				131 341 45 447 57 804 72 915 106 268				282 434 110 270 74 621 75 424 98 327				372 640
Operating Profit/(Loss) under LIFO increased by depreciation and amortisation (EBITDA LIFO) before impairment allowances ,*, including:	9 172	12 430	2 425	3 171	4 299	4 259	14 154	2 786		8 204 19 485 30 531			61 006 17 153	8 703		8 220 13 574	54 714
Refining	2 784	(11)	22	282	1 198	2 112	3 614	900	4 656		7 319 10 428	23 303	5 485	2 536	1 866	594	10 481
Petrochemical Energy	2 314 1 569	2 309 7 702	872 1 259	1 021 1 215	1 013 1 042	1 389 164	4 295 3 680	451 1 004	1 643 1 176	698 1 607	581 (253)	3 373 3 534	98 3 275	(120) 555	(136) 1 349	(345) (799)	(503) 4 181
Retail	3 045	3 232	548	828	948	573	2 897	585	697	856	632	2 770	233	662	601	633	2 128
Upstream	295	322	14	60	130	183	387	162	336	781	6 649	7 928	2 273	(114)	(212)	578	2 131
Gas	-	-	-	-	-	-	- -		-	-	6 261	6 261	6 196	5 611		5 200 13 360	38 025
Corporate functions 1 Adjustments	(835) -	(1 124) -	(290) -	(235) -	(32) -	(162) -	(719) -	(316) -	(304) -	8 229 (5)	6 239 (6)	13 848 (11)	(399) (8)	(438) 11	(431) (17)	(458) 11	(1 726) (3)
Operating Profit/(Loss) under LIFO increased by depreciation and amortisation (EBITDA LIFO)***, including:	8 993	10 839	2 421	3 086	4 296	5 162	14 965	2 759		5 344 19 432 27 430			54 965 16 624	8 626		7 134 13 032	50 841
Refining	2 782	(122)	20	263	1 195	2 126	3 604	875	1 845	7 316	7 611	17 647	5 485	2 519	1 866	554	10 424
Petrochemical Energy	2 265 1 563	2 299 7 697	872 1 259	1 021 1 153	1 013 1 044	1 419 147	4 325 3 603	451 1 004	1 643 1 161	698 1 600	490 (279)	3 282 3 486	98 3 274	(123) 552	(136) 1 345	(351) (807)	(512) 4 165
Retail	3 061	3 193	546	824	946	534	2 850	583	695	855	624	2 757	230	661	598	631	2 120
Upstream	164	(1 100)	14	60	130	1 101	1 305	162	304	741	6 542	7 749	1 748	(155)	(224)	104	(626)
Gas								-	-	-	6 216	6 216	6 196	5 599		4 133 13 351	37 002
Corporate functions 1 Adjustments	(842) -	(1 128) -	(290) -	(235) -	(32) -	(165) -	(722) -	(316) -	(304) -	8 227 (5)	6 232 (6)	13 839 (11)	(399) (8)	(438) 11	(431) (17)	(461) 11	(1 729) (3)
Operating Profit/(Loss) under LIFO increased by depreciation and amortisation (EBITDA LIFO)***, including:	8 993	10 839	2 421	3 086	4 296	5 162	14 965	2 759		5 344 19 432 27 430			54 965 16 624	8 626		7 134 13 032	50 841
ORLEN S.A.	5 964	5 526	816	1 633	2 100	2 064	6 613	(614)		2 914 15 434 26 803			44 537 10 019	3 370	2 234	9 159	34 644
Unipetrol Group	936	(102)	145	282	424	267	1 118	207	1 694	2 109	970	4 980	1 330	746	188	378	2 642
ORLEN Lietuva Group Energa	420 -	(561) 1 260	66 790	(66) 735	128 719	186 461	314 2 705	1 107	590 (1 114) 941	555 1 085	(346) (529)	(315) 2 604	574 2 319	234 266	815 721	70 (511)	1 693 2 795
Other	1 673	4 716	604	502	925	2 184	4 215	1 469	909	249	532	3 159	2 382	4 010	3 176	3 936	9 067
Operating Profit/(Loss) increased by depreciation and amortisation (EBITDA)***	8 862	8 465	3 563	4 049	5 186	6 413	19 211	4 933		6 665 18 879 25 585			56 062 15 453	8 242		8 417 12 398	49 935
Depreciation and amortisation, including:	3 497	4 557	1 311	1 294	1 328	1 408	5 341	1 400	1 447	1 549	3 328	7 724	3 049	2 872	2 834	3 557	14 146
Refining Petrochemical	1 135 809	1 187 914	329 249	332 233	338 241	368 306	1 367 1 029	366 269	367 273	364 274	393 288	1 490 1 104	365 291	384 288	366 289	378 288	1 493 1 156
Energy	436	1 180	395	380	398	415	1 588	410	418	412	567	1 807	559	563	561	585	2 326
Retail	630	720	206	199	203	197	805	206	210	214	239	869	233	258	250	270	1 011
Upstream Gas	319	350	75	82	80	23	260	70 -	105 -	204 -	1 331 418	1 710 418	995 519	788 499	787 494	1 315 617	5 609 2 181
Corporate functions 1	168	206	57	68	68	99	292	79	74	81	92	326	87	92	87	104	370
Operating Profit/(Loss) under LIFO (EBIT LIFO)***, including:	5 496	6 282	1 110	1 792	2 968	3 754	9 624	1 359		3 897 17 883 24 102			47 241 13 575	5 754	4 300	9 475	36 695
Refining	1 647	(1 309)	(309)	(69)	857	1 758	2 237	509	1 478	6 952	7 218	16 157	5 120	2 135	1 500	176	8 931
Petrochemical Energy	1 456 1 127	1 385 6 517	623 864	788 773	772 646	1 113 (268)	3 296 2 015	182 594	1 370 743	424 1 188	202 (846)	2 178 1 679	(193) 2 715	(411) (11)	(425)	(639) 784 (1 392)	(1 668) 1 839
Retail	2 431	2 473	340	625	743	337	2 045	377	485	641	385	1 888	(3)	403	348	361	1 109
Upstream	(155)	(1 450)	(61)	(22)	50	1 078	1 045	92	199	537	5 211	6 039	753		(943) (1 011) (1 211)		(6 235)
Gas								-	-	-	5 798	5 798	5 677	5 100		3 639 12 734	34 821
Corporate functions 1 Adjustments	(1 010) -	(1 334) -	(347) -	(303) -	(100) -	(264) -	(1 014) -	(395) -	(378) -	8 146 (5)	6 140 (6)	13 513 (11)	(486) (8)	(530) 11	(518) (17)	(565) 11	(2 099) (3)
Operating Profit/(Loss) (EBIT)***	5 365	3 908	2 252	2 755	3 858	5 005	13 870	3 533		5 218 17 330 22 257			48 338 12 404	5 370	5 583	8 841	35 789
Net Profit/(Loss)	4 298	2 825	1 872	2 244	2 928	4 144	11 188	2 845		3 683 14 751 18 517		39 796	9 109	4 544	3 459	7 269	27 565
Net Profit/(Loss) attributable to equity owners of the Parent Total assets	4 300 71 202	2 755	1 845	2 227	2 909 84 048 92 120 95 964 101 341 106 754	4 141	11 122	2 770	106 754 123 006 122 140 168 920 313 189	3 612 14 679 18 593		39 654	8 962 313 189 280 522 251 640 255 837 280 070	4 590	3 464	7 353	27 553 280 070
Equity	38 607				42 389 44 395 45 420 48 317 52 578				52 578 55 561 58 108 87 047 143 088				143 088 151 524 148 881 152 379 165 825				165 825
Net debt	2 448				13 120 13 468 11 534 11 369 12 275			12 275 15 588 11 627			4 870 (1 848)		(1 848) (11 474) (12 554) (1 264)			1 778	1 778
Net cash - operating activities	9 319	7 247	3 858	5 117	4 286	34	13 295	598	7 931		8 520 14 035		31 084 23 479	7 032	7 241	6 142	44 098
Net cash - investing activities Increases in non-current assets ****	(3 994) 5 457	8 992	(8 495) (3 746) (2 879) (2 204) 1 773	2 395	2 481	(910) 3 241	9 890	(9 739) (3 450) (3 560) 3 044	3 224	(9) 4 444	7 981 8 917	19 629	962 (13 329) (4 905) (10 475) (7 486) 5 305	7 253		7 856 12 008	(36 262) 32 441
Return on capital employed (ROACE) [%] 2	11,1	9,1	14,2	11,0	14,7	17,9	17,9	18,7	24,6	37,5	50,2	50,2	50,2	42,7	30,9	18,9	18,9
Return on capital employed under LIFO (ROACE LIFO) [%] 3	11,3	13,1	12,9	7,7	10,6	12,1	12,1	11,8	17,5	32,8	49,2	49,2	52,0	45,5	32,2	19,4	19,4
Net financial leverage [%] 4	6,3	31,0	30,3	25,4	23,5	23,3	23,3	28,1	20,0	5,6	(1,3)	(1,3)	(7,6)	(8,4)	(0,8)	1,1	1,1
Net debt/Profit from operations under LIFO plus depreciation and amortisation for the last four quarters (EBITDA LIFO) 6	0,28	1,02	N/D5	1,07	N/D5	0,80	0,80	N/D5	0,54	N/D5	(0,07)	(0,07)	N/D5	(0,23)	N/D5	0,02	0,02
Net debt/Profit from operations plus depreciation and amortisation for the last four quarters (EBITDA) 7	0,27	1,27	N/D5	0,87	N/D5	0,62	0,62	N/D5	0,42	N/D5	(0,07)	(0,07)	N/D5	(0,25)	N/D5	0,02	0,02
Net Profit/(Loss) attributable to equity owners of the Parent per share (EPS) [PLN/share]	10,05	6,44	4,31	5,21	6,80	9,68	26,00	6,48	8,44	23,43	16,02	34,16	7,72	3,95	2,98	6,33	23,73
Effect of inventory valuation under LIFO [PLN million]	12 months 2019*	12 months 2020	Q1 2021	Q2 2021	Q3 2021	Q4 2021	12 months 2021	Q1 2022	Q2 2022	Q3 2022	Q4 2022	12 months 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	12 months 2023
Effect of inventory valuation under LIFO on EBITDA, including:	(131)	(2 374)	1 142	963	890	1 251	4 246	2 174	1 321		(553) (1 845)		1 097 (1 171)	(384)	1 283	(634)	(906)
ORLEN S.A.	(146)	(2 053)	820	734	771	998	3 323	1 647	953		232 (1 146)	1 686	(816)	(408)	587	(266)	(903)
Unipetrol Group ORLEN Lietuva Group	2 7	(207) (99)	235 64	144 59	75 47	184 67	638 237	445 46	66 261	(428) (335)	(354) (303)	(271) (331)	(276) (49)	0 41	528 167	(306) (61)	(54) 98

Other 6 (15) 23 26 (3) 2 48 36 41 (22) (42) 13 (30) (17) 1 (1) (47)

*) Refining, Petrochemical and Energy: restated data.

**) Impairment allowances of non-current assets included in:

III quarter of 2019 of PLN in the amount of PLN (0.1) billion regarding ORLEN Upstream Group activities in Poland. - IV quarter of 2019 of PLN in the amount of PLN (0.1) billion regarding ORLEN Upstream Group activities in Poland.
I quarter of 2020 in the amount of PLN (0.5) billion mainly regarding assets of ORLEN Upstream Group.
II quarter of 2020 in the amount of PLN (0,2) billion mainly regarding assets of ORLEN Upstream Group.
IV quarter of 2020 in the amount of PLN (0,9) billion mainly regarding assets of ORLEN Upstream Group.
IV quarter of 2021 in the amount of PLN 0,9 billion mainly regarding assets of ORLEN Upstream Group.
II quarter of 2022 in the amount of PLN (2,9) billion mainly regarding assets of ORLEN and ORLEN Lietuva Group.
IV quarter of 2022 in the amount of PLN (3,1) billion mainly regarding assets of ORLEN and companies of the former LOTOS

Group. - I quarter of 2023 in the amount of PLN (0,5) billion mainly regarding assets of ORLEN in Poland and Pakistan.

III quarter of 2023 in the amount of PLN (2,8) billion mainly regarding the Group made an impairment loss on the investment in

EuRoPol Gaz. - IV quarter of 2023 in the amount of PLN (0,5) billion mainly regarding assets.

***) In the 3 month period ended June 30, 2020 and in the 12 month period ended December 31, 2020 including provisional recognition of gain on bargain purchase of 80% shares of ENERGA in the amount

of PLN 4 062 million. In the 3 month period ended September 30, 2022 including provisional recognition of gain on bargain purchase LOTOS in the amount of PLN 5 923 million.

****) In accordance with IFRS 16 Leases, the "increase in non-current assets" item includes rights-of-use - in the interests of consistency, the data for the I quarter of 2019 were also updated.

1) Includes Corporate Functions of the ORLEN Group companies as well as companies not included in any of the above segments.

3) ROACE LIFO = profit from operations for the last four quarters under LIFO after tax before impairment allowances of non-current assets /average capital employed (equity + net debt) for the last four 2) ROACE = profit from operations for the last four quarters after tax before impairment allowances of non-current assets / average capital employed (equity + net debt) for the last

4) Net financial leverage = net debt / equity – calculated at the end of the period.

5) Covenants tested according to loan agreements excluding impairment of non-current assets.

6) Interest bearing debt net of cash and cash equivalents at the end of the period / EBITDA LIFO based on the LIFO method for the last four quarters.

7) Interest bearing debt net of cash and cash equivalents at the end of the period / EBITDA for the last four quarters.

EBITDA LIFO

Item, PLN million	12 months 2019*	12 months 2019 before impairment allowances/*	12 months 2020	12 months 2020 before impairment allowances**	Q1 2021	Q1 2021 before impairment allowances**	Q2 2021	Q2 2021 before impairment allowances**	Q3 2021	Q3 2021 before impairment allowances**	Q4 2021	Q4 2021 before impairment allowances**	12 months 2021	12 months 2021 before impairment allowances**	Q1 2022	Q1 2022 before impairment allowances**	Q2 2022	Q2 2022 before impairment allowances**	Q3 2022	Q3 2022 before impairment allowances**	Q4 2022	Q4 2022 before impairment allowances**	12 months 2022	12 months 2022 before impairment allowances**	Q1 2023	Q1 2023 before impairment allowances**	Q2 2023	Q2 2023 before impairment allowances**	Q3 2023	Q3 2023 before impairment allowances**	Q4 2023	Q4 2023 before impairment allowances**	12 months 2023	12 months 2023 before impairment allowances**
Refining	2 782	2 783	(122)	(11)	20	22	263	282	1 195	1 198	2 126	2 112	3 604	3 614	875	900	1 845	4 656	7 316	7 319	7 611	10 428	17 647	23 303	5 485	5 485	2 519	2 536	1 866	1 866	554	594	10 424	10 481
LIFO effect (Refining)	(145)	(145)	(2 280)	(2 280)	1 074	1 074	923	923	860	860	1 195	1 195	4 052	4 052	2 079	2 079	1 331	1 331	(479)	(479)	(1 832)	(1 832)	1 099	1 099	(1 158)	(1 158)	(350)	(350)	1 265	1 265	(619)	(619)	(862)	(862)
Petrochemical	2 265	2 314	2 299	2 309	872	872	1 021	1 021	1 013	1 013	1 419	1 389	4 325	4 295	451	451	1 643	1 643	698	698	490	581	3 282	3 373	98	98	(123)	(120)	(136)	(136)	(351)	(345)	(512)	(503)
LIFO effect (Petrochemical)	14	14	(94)	(94)	68	68	40	40	30	30	56	56	194	194	95	95	(10)	(10)	(74)	(74)	(13)	(13)	(2)	(2)	(13)	(13)	(34)	(34)	18	18	(15)	(15)	(44)	(44)
Energy	1 563	1 570	7 697	7 702	1 259	1 259	1 153	1 215	1 044	1 042	147	164	3 603	3 680	1 004	1 004	1 161	1 176	1 600	1 607	(279)	(253)	3 486	3 534	3 274	3 275	552	555	1 345	1 349	(807)	(799)	4 165	4 181
Retail	3 061	3 045	3 193	3 232	546	548	824	828	946	948	534	573	2 850	2 897	583	585	695	697	855	856	624	632	2 757	2 770	230	233	661	662	598	601	631	633	2 120	2 128
Upstream	164	295	(1 100)	322	14	14	60	60	130	130	1 101	183	1 305	387	162	162	304	336	741	781	6 542	6 649	7 749	7 928	1 748	2 273	(155)	(114)	(224)	(212)	104	578	(626)	2 131
Gas															-	-	-	-		- -	6 216	6 261	6 216	6 261	6 196	6 196	5 599	5 611	4 133	5 200	13 351	13 360	37 002	38 025
Corporate functions	(842)	(835)	(1 128)	(1 124)	(290)	(290)	(235)	(235)	(32)	(32)	(165)	(162)	(722)	(719)	(316)	(316)	(304)	(304)	8 227	8 229	6 232	6 239	13 839	13 848	(399)	(399)	(438)	(438)	(431)	(431)	(461)	(458)	(1 729)	(1 726)
Adjustments	0	0		0 0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(5)	(5)	(6)	(6)	(11)	(11)	(8)	(8)	11	11	(17)	(17)	11	11	(3)	(3)
EBITDA LIFO	8 993	9 172	10 839	12 430	2 421	2 425	3 086	3 171	4 296	4 299	5 162	4 259	14 965	14 154	2 759	2 786	5 344	8 204	19 432	19 485	27 430	30 531	54 965	61 006	16 624	17 153	8 626	8 703	7 134	8 220	13 032	13 574	50 841	54 714

Depreciation

Item, PLN million	12 months 2019*	12 months 2019 before impairment allowances/*	12 months 2020	12 months 2020 before impairment allowances**	Q1 2021	Q1 2021 before impairment allowances**	Q2 2021	Q2 2021 before impairment allowances**	Q3 2021	Q3 2021 before impairment allowances**	Q4 2021	Q4 2021 before impairment allowances**	12 months 2021	12 months 2021 before impairment allowances**	Q1 2022	Q1 2022 before impairment allowances**	Q2 2022	Q2 2022 before impairment allowances**	Q3 2022	Q3 2022 before impairment allowances**	Q4 2022	Q4 2022 before impairment allowances**	12 months 2022	12 months 2022 before impairment allowances**	Q1 2023	Q1 2023 before impairment allowances**	Q2 2023	Q2 2023 before impairment allowances**	Q3 2023	Q3 2023 before impairment allowances**	Q4 2023	Q4 2023 before impairment allowances**	12 months 2023	12 months 2023 before impairment allowances**
Refining	1 135	1 134	1 187	1 187	329	329	332	332	338	338	368	368	1 367	1 367	366	366	367	367	364	364	393	393	1 490	1 490	365	365	384	384	366	366	378	378	1 493	1 493
Petrochemical	809	809	914	914	249	249	233	233	241	241	306	306	1 029	1 029	269	269	273	273	274	274	288	288	1 104	1 104	291	291	288	288	289	289	288	288	1 156	1 156
Energy	436	437	1 180	1 180	395	395	380	380	398	398	415	415	1 588	1 588	410	410	418	418	412	412	567	567	1 807	1 807	559	559	563	563	561	561	585	585	2 326	2 326
Retail	630	630	720	720	206	206	199	199	203	203	197	197	805	805	206	206	210	210	214	214	239	239	869	869	233	233	258	258	250	250	270	270	1 011	1 011
Upstream	319	319	350	350	75	75	82	82	80	80	23	23	260	260	70	70	105	105	204	204	1 331	1 331	1 710	1 710	995	995	788	788	787	787	1 315	1 315	5 609	5 609
Gas		-	-	- -	-	-	-	-	-	-	-	-		- -		- -	-	-		- -	418	418	418	418	519	519	499	499	494	494	617	617	2 181	2 181
Corporate functions	168	168	206	206	57	57	68	68	68	68	99	99	292	292	79	79	74	74	81	81	92	92	326	326	87	87	92	92	87	87	104	104	370	370
Depreciation	3 497	3 497	4 557	4 557	1 311	1 311	1 294	1 294	1 328	1 328	1 408	1 408	5 341	5 341	1 400	1 400	1 447	1 447	1 549	1 549	3 328	3 328	7 724	7 724	3 049	3 049	2 872	2 872	2 834	2 834	3 557	3 557	14 146	14 146

EBIT LIFO
Item, PLN million	12 months 2019*	12 months 2019 before impairment allowances/*	12 months 2020	12 months 2020 before impairment allowances**	Q1 2021	Q1 2021 before impairment allowances**	Q2 2021	Q2 2021 before impairment allowances**	Q3 2021	Q3 2021 before impairment allowances**	Q4 2021	Q4 2021 before impairment allowances**	12 months 2021	12 months 2021 before impairment allowances**	Q1 2022	Q1 2022 before impairment allowances**	Q2 2022	Q2 2022 before impairment allowances**	Q3 2022	Q3 2022 before impairment allowances**	Q4 2022	Q4 2022 before impairment allowances**	12 months 2022	12 months 2022 before impairment allowances**	Q1 2023	Q1 2023 before impairment allowances**	Q2 2023	Q2 2023 before impairment allowances**	Q3 2023	Q3 2023 before impairment allowances**	Q4 2023	Q4 2023 before impairment allowances**	12 months 2023	12 months 2023 before impairment allowances**
Refining	1 647	1 649	(1 309)	(1 198)	(309)	(307)	(69)	(50)	857	860	1 758	1 744	2 237	2 247	509	534	1 478	4 289	6 952	6 955	7 218	10 035	16 157	21 813	5 120	5 120	2 135	2 152	1 500	1 500	176	216	8 931	8 988
LIFO effect (Refining)	(145)	(145)	(2 280)	(2 280)	1 074	1 074	923	923	860	860	1 195	1 195	4 052	4 052	2 079	2 079	1 331	1 331	(479)	(479)	(1 832)	(1 832)	1 099	1 099	(1 158)	(1 158)	(350)	(350)	1 265	1 265	(619)	(619)	(862)	(862)
Petrochemical	1 456	1 505	1 385	1 395	623	623	788	788	772	772	1 113	1 083	3 296	3 266	182	182	1 370	1 370	424	424	202	293	2 178	2 269	(193)	(193)	(411)	(408)	(425)	(425)	(639)	(633)	(1 668)	(1 659)
LIFO effect (Petrochemical)	14	14	(94)	(94)	68	68	40	40	30	30	56	56	194	194	95	95	(10)	(10)	(74)	(74)	(13)	(13)	(2)	(2)	(13)	(13)	(34)	(34)	18	18	(15)	(15)	(44)	(44)
Energy	1 127	1 133	6 517	6 522	864	864	773	835	646	644	(268)	(251)	2 015	2 092	594	594	743	758	1 188	1 195	(846)	(820)	1 679	1 727	2 715	2 716	(11)	(8)	784	788	(1 392)	(1 384)	1 839	1 855
Retail	2 431	2 415	2 473	2 512	340	342	625	629	743	745	337	376	2 045	2 092	377	379	485	487	641	642	385	393	1 888	1 901	(3)	0	403	404	348	351	361	363	1 109	1 117
Upstream	(155)	(24)	(1 450)	(28)	(61)	(61)	(22)	(22)	50	50	1 078	160	1 045	127	92	92	199	231	537	577	5 211	5 318	6 039	6 218	753	1 278	(943)	(902)	(1 011)	(999)	(1 211)	(737)	(6 235)	(3 478)
Gas															-	-	-	-	-	-	5 798	5 843	5 798	5 843	5 677	5 677	5 100	5 112	3 639	4 706	12 734	12 743	34 821	35 844
Corporate functions	(1 010)	(1 003)	(1 334)	(1 330)	(347)	(347)	(303)	(303)	(100)	(100)	(264)	(261)	(1 014)	(1 011)	(395)	(395)	(378)	(378)	8 146	8 148	6 140	6 147	13 513	13 522	(486)	(486)	(530)	(530)	(518)	(518)	(565)	(562)	(2 099)	(2 096)
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(5)	(5)	(6)	(6)	(11)	(11)	(8)	(8)	11	11	(17)	(17)	11	11	(3)	(3)
EBIT LIFO	5 496	5 675	6 282	7 873	1 110	1 114	1 792	1 877	2 968	2 971	3 754	2 851	9 624	8 813	1 359	1 386	3 897	6 757	17 883	17 936	24 102	27 203	47 241	53 282	13 575	14 104	5 754	5 831	4 300	5 386	9 475	10 017	36 695	40 568
) Refining, Petrochemical and Energy: restated data. *) Iimpairment allowances of assets according to IAS 36
LIFO	(131)	(131)	(2 374)	(2 374)	1 142	1 142	963	963	890	890	1 251	1 251	4 246	4 246	2 174	2 174	1 321	1 321	(553)	(553)	(1 845)	(1 845)	1 097	1 097	(1 171)	(1 171)	(384)	(384)	1 283	1 283	(634)	(634)	(906)	(906)
Impairment
Refining Petrochemical		(2) (49)		(111) (10)		(2) 0		(19) 0		(3) 0		14 30		(10) 30		(25) 0		(2 811) 0		(3) 0		(2 817) (91)		(5 656) (91)		0 0		(17) (3)		0 0		(40) (6)		(57) (9)
Energy		(6)		(5)		0		(62)		2		(17)		(77)		0		(15)		(7)		(26)		(48)		(1)		(3)		(4)		(8)		(16)
Retail		16		(39)		(2)		(4)		(2)		(39)		(47)		(2)		(2)		(1)		(8)		(13)		(3)		(1)		(3)		(2)		(8)
Upstream		(131)		(1 422)		0		0		0		918		918		0		(32)		(40)		(107)		(179)		(525)		(41)		(12)		(474)		(2 757)
Gas																-		-		-		(45)		(45)		-		(12)		(1 067)		(9)		(1 023)
Corporate functions Total		(7) (179)		(4) (1 591)		0 (4)		0 (85)		0 (3)		(3) 903		(3) 811		0 (27)		0 (2 860)		(2) (53)		(7) (3 101)		(9) (6 041)		0 (529)		0 (77)		0 (1 086)		(3) (542)		(3) (3 873)

Refining Segment

Item,	12 months	12 months	Q1	Q2	Q3	Q4	12 months	Q1	Q2	Q3	Q4	12 months	Q1	Q2	Q3	Q4	12 months
PLN million	2019*	2020	2021*	2021	2021	2021	2021	2022	2022	2022	2022	2022	2023	2023	2023	2023	2023

Sales revenues	85 516	52 010	14 569	18 083	24 231	28 661	85 544	31 115	42 282	56 247	57 784	187 428	39 342	35 996	41 256	39 459	156 054
External revenues	56 517	34 090	9 365	12 493	16 156	18 953	56 967	19 780	27 080	40 949	43 668	131 477	27 827	25 463	29 375	28 681	111 346
Inter-segment revenues	28 999	17 920	5 204	5 590	8 075	9 708	28 577	11 335	15 202	15 298	14 116	55 951	11 515	10 533	11 881	10 778	44 708
Total operating expenses	(83 641)	(56 228)	(13 677)	(17 143)	(22 498)	(26 214)	(79 532)	(26 715)	(34 552)	(50 291)	(49 531)	(161 089)	(35 712)	(34 222)	(38 476)	(39 860)	(148 271)
Other operating income	663	4 443	1 052	372	507	1 213	3 144	338	213	654	271	1 014	560	193	344	230	1 327
Other operating expenses	(1 028)	(3 813)	(1 178)	(458)	(520)	(702)	(2 858)	(2 148)	(5 137)	(142)	(3 141)	(10 106)	(235)	(191)	(366)	(278)	(1 070)
Other operating income/expenses, net	(365)	630	(126)	(86)	(13)	511	286	(1 810)	(4 924)	512	(2 870)	(9 092)	325	2	(22)	(48)	257
(Loss)/reversal of loss due to impairment of trade receivables	(8)	0	(1)	0	(3)	(6)	(10)	(3)	2	1	(1)	(1)	1	1	0	(1)	1
Share in profit from investments accounted for using the equity method	0	(1)	0	0	0	1	1	1	1	4	4	10	6	8	7	7	28
Operating profit/(loss) under LIFO increased by depreciation and amortisation (EBITDA
LIFO) before impairment allowances	2 783	(11)	22	282	1 198	2 112	3 614	900	4 656	7 319	10 428	23 303	5 485	2 536	1 866	594	10 481
Operating profit/(loss) under LIFO increased by depreciation and amortisation (EBITDA
LIFO)	2 782	(122)	20	263	1 195	2 126	3 604	875	1 845	7 316	7 611	17 647	5 485	2 519	1 866	554	10 424
Operating profit/(loss) increased by depreciation and amortisation (EBITDA)	2 637	(2 402)	1 094	1 186	2 055	3 321	7 656	2 954	3 176	6 837	5 779	18 746	4 327	2 169	3 131	(65)	9 562
Profit/(Loss) from operations under LIFO before impairment allowances	1 649	(1 198)	(307)	(50)	860	1 744	2 247	534	4 289	6 955	10 035	21 813	5 120	2 152	1 500	216	8 988
Profit/(Loss) from operations under LIFO	1 647	(1 309)	(309)	(69)	857	1 758	2 237	509	1 478	6 952	7 218	16 157	5 120	2 135	1 500	176	8 931
Profit/(Loss) from operations	1 502	(3 589)	765	854	1 717	2 953	6 289	2 588	2 809	6 473	5 386	17 256	3 962	1 785	2 765	(443)	8 069
Increases in non-current assets	1 721	3 174	374	497	682	823	2 376	761	986	992	1 594	4 333	952	1 528	1 860	3 079	7 419
Sales (thousand tonnes)	27 553	23 560	5 049	5 797	6 747	6 796	24 389	5 912	5 915	8 933	9 698	30 458	7 432	8 036	8 771	8 702	32 941

Petrochemical Segment

Item,	12 months	12 months	Q1	Q2	Q3	Q4	12 months	Q1	Q2	Q3	Q4	12 months	Q1	Q2	Q3	Q4	12 months
PLN million	2019*	2020	2021*	2021	2021	2021	2021	2022	2022	2022	2022	2022	2023	2023	2023	2023	2023

Sales revenues	15 750	12 640	3 777	3 393	5 177	5 916	18 263	7 633	8 938	7 170	6 433	30 174	5 653	4 765	4 679	3 754	18 851
External revenues	13 353	10 587	3 318	3 113	4 458	5 122	16 011	6 434	7 219	5 706	5 116	24 475	4 456	3 674	3 513	3 020	14 663
Inter-segment revenues	2 397	2 053	459	280	719	794	2 252	1 199	1 719	1 464	1 317	5 699	1 197	1 091	1 166	734	4 188
Total operating expenses	(14 528)	(11 885)	(3 425)	(3 007)	(4 702)	(5 564)	(16 698)	(6 952)	(7 789)	(6 858)	(6 311)	(27 910)	(6 071)	(5 313)	(5 189)	(4 326)	(20 899)
Other operating income	182	435	281	362	246	777	1 666	237	127	91	176	631	238	147	151	158	694
Other operating expenses	(68)	(42)	(23)	(14)	(8)	(82)	(127)	(749)	(4)	(71)	(110)	(934)	(27)	(43)	(49)	(224)	(343)
Other operating income/expenses, net	114	393	258	348	238	695	1 539	(512)	123	20	66	(303)	211	104	102	(66)	351
(Loss)/reversal of loss due to impairment of financial instruments	(2)	0	0	(1)	(1)	0	(2)	1	0	(1)	(4)	(4)	1	0	(6)	(1)	(6)
Share in profit from investments accounted for using the equity method	136	143	81	95	90	122	388	107	88	19	5	219	0	(1)	7	(15)	(9)
Operating profit/(loss) under LIFO increased by depreciation and amortisation (EBITDA
LIFO) before impairment allowances	2 314	2 309	872	1 021	1 013	1 389	4 295	451	1 643	698	581	3 373	98	(120)	(136)	(345)	(503)
Operating profit/(loss) under LIFO increased by depreciation and amortisation (EBITDA
LIFO)	2 265	2 299	872	1 021	1 013	1 419	4 325	451	1 643	698	490	3 282	98	(123)	(136)	(351)	(512)
Operating profit/(loss) increased by depreciation and amortisation (EBITDA)	2 279	2 205	940	1 061	1 043	1 475	4 519	546	1 633	624	477	3 280	85	(157)	(118)	(366)	(556)
Profit/(Loss) from operations under LIFO before impairment allowances	1 505	1 395	623	788	772	1 083	3 266	182	1 370	424	293	2 269	(193)	(408)	(425)	(633)	(1 659)
Profit/(Loss) from operations under LIFO	1 456	1 385	623	788	772	1 113	3 296	182	1 370	424	202	2 178	(193)	(411)	(425)	(639)	(1 668)
Profit/(Loss) from operations	1 470	1 291	691	828	802	1 169	3 490	277	1 360	350	189	2 176	(206)	(445)	(407)	(654)	(1 712)
Increases in non-current assets	950	1 912	523	871	819	838	3 051	1 312	1 146	1 361	1 246	5 065	638	1 383	2 013	1 826	5 860
Sales (thousand tonnes)	5 187	5 106	1 271	1 039	1 309	1 287	4 906	1 397	1 362	1 121	1 133	5 013	1 119	1 141	1 142	977	4 379

Energy Segment `

Item,	12 months	12 months	Q1	Q2	Q3	Q4	12 months	Q1	Q2	Q3	Q4	12 months	Q1	Q2	Q3	Q4	12 months
PLN million	2019*	2020	2021*	2021	2021	2021	2021	2022	2022	2022	2022	2022	2023	2023	2023	2023	2023
Sales revenues	4 973	13 462	4 795	4 425	4 703	5 590	19 513	7 097	7 851	9 100	10 700	34 748	15 319	10 928	10 433	11 879	48 412
External revenues	1 734	10 095	3 905	3 713	3 805	4 616	16 039	5 770	5 681	6 880	8 660	26 991	13 001	9 096	8 500	10 340	40 790
Inter-segment revenues	3 239	3 367	890	712	898	974	3 474	1 327	2 170	2 220	2 040	7 757	2 318	1 832	1 933	1 539	7 622
Total operating expenses	(3 786)	(11 356)	(4 280)	(3 945)	(4 269)	(6 382)	(18 876)	(5 974)	(7 125)	(8 199)	(11 709)	(33 007)	(12 635)	(10 970)	(9 838)	(12 449)	(46 018)
Other operating income**	16	4 604	377	329	269	663	1 638	244	160	620	361	1 385	145	119	205	31	500
Other operating expenses	(76)	(172)	(44)	(95)	(51)	(224)	(414)	(787)	(145)	(334)	(105)	(1 371)	(71)	(42)	(38)	(211)	(346)
Other operating income/expenses, net	(60)	4 432	333	234	218	439	1 224	(543)	15	286	256	14	74	77	167	(180)	154
(Loss)/reversal of loss due to impairment of financial instruments	0	(27)	16	(53)	(15)	(17)	(69)	(20)	(12)	(10)	(98)	(140)	(37)	(20)	(9)	(63)	(129)
Share in profit from investments accounted for using the equity method	0	6	0	112	9	102	223	34	14	11	5	64	(6)	(26)	31	(579)	(580)
Operating profit/(loss) increased by depreciation and amortisation (EBITDA) before
impairment allowances**	1 570	7 702	1 259	1 215	1 042	164	3 680	1 004	1 176	1 607	(253)	3 534	3 275	555	1 349	(799)	4 181
Operating profit/(loss) increased by depreciation and amortisation (EBITDA)**	1 563	7 697	1 259	1 153	1 044	147	3 603	1 004	1 161	1 600	(279)	3 486	3 274	552	1 345	(807)	4 165
Profit/(Loss) from operations before impairment allowances**	1 133	6 522	864	835	644	(251)	2 092	594	758	1 195	(820)	1 727	2 716	(8)	788	(1 384)	1 855
Profit/(Loss) from operations**	1 127	6 517	864	773	646	(268)	2 015	594	743	1 188	(846)	1 679	2 715	(11)	784	(1 392)	1 839
Increases in non-current assets	318	1 722	485	690	572	869	2 616	435	736	1 468	1 729	4 368	876	1 385	1 589	2 174	6 024

*) Restated data.

**) In the 3 month period ended June 30, 2020 including provisional recognition of gain on bargain purchase of 80% shares of ENERGA in the amount of PLN 4 062 million.

Retail Segment

Item, PLN million	12 months 2013 *	12 months 2014	12 months 2015	12 months 2016	12 months 2017	12 months 2018	12 months 2019	12 months 2020	Q1 2021	Q2 2021	Q3 2021	Q4 2021	12 months 2021	Q1 2022	Q2 2022	Q3 2022	Q4 2022	12 months 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	12 months 2023
Sales revenues	36 624	36 104	31 122	30 121	33 630	37 474	39 089	30 911	7 813	9 809	11 727	11 818	41 167	13 085	17 303	18 429	16 687	65 504	13 154	13 572	15 331	15 060	57 117
External revenues	36 462	35 913	31 052	29 841	33 350	37 339	38 910	30 837	7 799	9 785	11 696	11 802	41 082	13 052	17 261	18 386	16 630	65 329	13 106	13 528	15 284	15 011	56 929
Inter-segment revenues	162	191	70	280	280	135	179	74	14	24	31	16	85	33	42	43	57	175	48	44	47	49	188
Total operating expenses	(35 695)	(35 015)	(29 934)	(28 681)	(31 986)	(35 139)	(36 645)	(28 339)	(7 471)		(9 180) (10 985) (11 443)				(39 079) (12 689) (16 818) (17 776) (16 265)						(63 548) (13 154) (13 163) (15 018) (14 730)		(56 065)
Other operating income	90	182	50	87	105	114	167	123	18	14	14	74	120	12	13	9	68	102	14	12	62	101	189
Other operating expenses	(102)	(186)	(67)	(125)	(133)	(141)	(173)	(218)	(20)	(14)	(11)	(113)	(158)	(30)	(13)	(20)	(101)	(164)	(17)	(17)	(28)	(68)	(130)
Other operating income/expenses, net	(12)	(4)	(17)	(38)	(28)	(27)	(6)	(95)	(2)	0	3	(39)	(38)	(18)	0	(11)	(33)	(62)	(3)	(5)	34	33	59
(Loss)/reversal of loss due to impairment of financial instruments	0	0	0	0	0	(2)	(7)	(4)	0	(4)	(2)	1	(5)	(1)	0	(1)	(4)	(6)	0	(1)	1	(2)	(2)
Operating profit/(loss) increased by depreciation and amortisation (EBITDA) before impairment allowances	1 268	1 416	1 539	1 801	2 049	2 781	3 045	3 232	548	828	948	573	2 897	585	697	856	632	2 770	233	662	601	633	2 128
Operating profit/(loss) increased by depreciation and amortisation (EBITDA)	1 268	1 440	1 539	1 794	2 038	2 767	3 061	3 193	546	824	946	534	2 850	583	695	855	624	2 757	230	661	598	631	2 120
Profit/(Loss) from operations under LIFO before impairment allowances	917	1 061	1 171	1 409	1 627	2 320	2 415	2 512	342	629	745	376	2 092	379	487	642	393	1 901	0	404	351	363	1 117
Profit/(Loss) from operations	917	1 085	1 171	1 402	1 616	2 306	2 431	2 473	340	625	743	337	2 045	377	485	641	385	1 888	(3)	403	348	361	1 109
Increases in non-current assets **	467	345	448	479	678	832	1 391	1 329	260	208	271	402	1 141	280	245	269	615	1 409	594	393	348	654	1 989
Sales (thousand tonnes)	7 516	7 776	7 986	8 187	8 819	9 448	9 817	8 852	1 921	2 249	2 481	2 323	8 974	2 175	2 336	2 543	2 298	9 352	2 166	2 454	2 804	2 781	10 205

*) Restated data – change in consolidation method for Basell ORLEN Polyolefines Sp. z o.o. and Płocki Park Przemysłowo-Technologiczny S.A. in accordance with IFRS 11.

**) In accordance with IFRS 16 Leases, the "increase in non-current assets" item includes rights-of-use - in the interests of consistency, the data for the I quarter of 2019 were also updated.

Upstream Segment

Item,	12 months	12 months	12 months	12 months	12 months	12 months	12 months	12 months	Q1	Q2	Q3	Q4	12 months	Q1	Q2	Q3	Q4	12 months	Q1	Q2	Q3	Q4	12 months
PLN million	2013 *	2014	2015	2016	2017	2018	2019	2020	2021	2021	2021	2021	2021	2022	2022	2022	2022	2022	2023	2023	2023	2023	2023
Sales revenues	17	298	215	442	515	605	608	483	151	184	210	253	798	290	416	859	6 823	8 388	7 004	4 394	3 671	4 877	19 945
External revenues	17	298	215	442	515	605	608	483	151	184	210	253	798	290	416	853	1 078	2 637	1 955	1 632	1 301	1 408	6 296
Inter-segment revenues	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6	5 745	5 751	5 049	2 762	2 370	3 469	13 649
Total operating expenses	(48)	(271)	(347)	(537)	(540)	(570)	(598)	(606)	(132)	(145)	(151)	(95)	(523)	(119)	(163)	(312)	(1 405)	(1 999)	(5 713)	(5 158)	(4 700)	(5 529)	(23 217)
Other operating income	83	4	3	60	4	271	122	367	0	0	2	1 056	1 058	2	0	39	239	264	126	65	65	34	229
Other operating expenses	(90)	(323)	(852)	(83)	(145)	(327)	(287)	(1 692)	(80)	(60)	(11)	(137)	(288)	(81)	(54)	(50)	(425)	(594)	(650)	(200)	(25)	(555)	(3 074)
Other operating income/expenses, net	(7)	(319)	(849)	(23)	(141)	(56)	(165)	(1 325)	(80)	(60)	(9)	919	770	(79)	(54)	(11)	(186)	(330)	(524)	(135)	40	(521)	(2 845)
(Loss)/reversal of loss due to impairment of financial instruments	0	0	0	0	0	0	0	(2)	0	(1)	0	1	0	0	0	0	(21)	(21)	(15)	(44)	(23)	(45)	(127)
Share in profit from investments accounted for using the equity method	0	0	0	(1)	1	0	0	0	0	0	0	0	0	0	0	1	0	1	1	0	1	7	9
Operating profit/(loss) increased by depreciation and amortisation (EBITDA) before impairment allowances	(32)	152	44	255	293	305	295	322	14	60	130	183	387	162	336	781	6 649	7 928	2 273	(114)	(212)	578	2 131
Operating profit/(loss) increased by depreciation and amortisation (EBITDA)	(32)	(170)	(808)	182	153	287	164	(1 100)	14	60	130	1 101	1 305	162	304	741	6 542	7 749	1 748	(155)	(224)	104	(626)
Profit/(Loss) from operations before impairment allowances	(38)	30	(129)	(46)	(25)	(3)	(24)	(28)	(61)	(22)	50	160	127	92	231	577	5 318	6 218	1 278	(902)	(999)	(737)	(3 478)
Profit/(Loss) from operations	(38)	(292)	(981)	(119)	(165)	(21)	(155)	(1 450)	(61)	(22)	50	1 078	1 045	92	199	537	5 211	6 039	753	(943)	(1 011)	(1 211)	(6 235)
Increases in non-current assets **	304	499	288	525	778	740	632	400	87	52	74	150	363	183	71	189	1 737	2 180	1 340	1 272	1 316	1 624	5 552
Sales (thousand tonnes)	17	258	310	558	638	728	736	742	156	174	166	158	654	160	179	225	274	838	520	521	411	429	1 881

*) Restated data – change in consolidation method for Basell ORLEN Polyolefines Sp. z o.o. and Płocki Park Przemysłowo-Technologiczny S.A. in accordance with IFRS 11.

**) In accordance with IFRS 16 Leases, the "increase in non-current assets" item includes rights-of-use - in the interests of consistency, the data for the I quarter of 2019 were also updated.

Gas Segment

Item,	Q1	Q2	Q3	Q4	12 months	Q1	Q2	Q3	Q4	12 months
PLN million	2022	2022	2022	2022	2022	2023	2023	2023	2023	2023
Sales revenues	-	-	-	34 655	34 655	55 833	23 833	20 589	44 652	159 052
External revenues	-	-	-	30 891	30 891	49 754	21 033	17 256	39 516	141 704
Inter-segment revenues	-	-	-	3 764	3 764	6 079	2 800	3 333	5 136	17 348
Total operating expenses	-	-	-	(28 878)	(28 878)	(50 381)	(19 320)	(15 627)	(32 190)	(123 952)
Other operating income	-	-	-	1 709	1 709	921	1 011	2 151	2 281	5 681
Other operating expenses	-	-	-	(1 530)	(1 530)	(722)	(350)	(2 526)	(1 995)	(5 015)
Other operating income/expenses, net	-	-	-	179	179	199	661	(375)	286	666
(Loss)/reversal of loss due to impairment of financial instruments	-	-	-	(148)	(148)	29	18	26	(12)	61
Share in profit from investments accounted for using the equity method	-	-	-	(10)	(10)	(3)	(92)	(974)	(2)	(1 006)
Operating profit/(loss) increased by depreciation and amortisation (EBITDA) before
impairment allowances	-	-	-	6 261	6 261	6 196	5 611	5 200	13 360	38 025
Operating profit/(loss) increased by depreciation and amortisation (EBITDA)	-	-	-	6 216	6 216	6 196	5 599	4 133	13 351	37 002
Profit/(Loss) from operations before impairment allowances	-	-	-	5 843	5 843	5 677	5 112	4 706	12 743	35 844
Profit/(Loss) from operations	-	-	-	5 798	5 798	5 677	5 100	3 639	12 734	34 821
Increases in non-current assets	-	-	-	1 789	1 789	863	1 205	595	2 480	5 162
Sales (thousand tonnes)	-	-	-	191	191	30	32	36	52	150

Corporate Functions

Item,	12 months	12 months	12 months	12 months	12 months	12 months	12 months	12 months	Q1	Q2	Q3	Q4	12 months	Q1	Q2	Q3	Q4	12 months	Q1	Q2	Q3	Q4	12 months
PLN million	2013 *	2014	2015	2016	2017	2018	2019	2020	2021*	2021	2021	2021	2021	2022	2022	2022	2022	2022	2023	2023	2023	2023	2023
Sales revenues	314	311	288	351	416	530	525	593	157	278	258	331	1 024	281	323	360	489	1 453	410	451	452	641	1 954
External revenues	71	72	82	68	74	99	81	88	24	135	117	168	444	121	147	141	225	634	171	195	195	351	912
Inter-segment revenues	243	239	206	283	342	431	444	505	133	143	141	163	580	160	176	219	264	819	239	256	257	290	1 042
Total operating expenses	(1 078)	(1 007)	(971)	(1 072)	(1 132)	(1 327)	(1 522)	(1 712)	(480)	(556)	(497)	(638)	(2 171)	(628)	(670)	(715)	(971)	(2 984)	(870)	(921)	(917)	(1 120)	(3 828)
Other operating income	210	112	91	53	86	172	96	106	1	10	194	80	285	12	26	8 554	6 841	15 433	16	15	16	31	78
gain on bargain purchase of the LOTOS Group and PGNIG Group	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	8 546	6 641	15 187	0	0	0	11	11
Other operating expenses	(123)	(86)	(119)	(176)	(96)	(228)	(85)	(289)	(28)	(38)	(56)	(31)	(153)	(68)	(53)	(55)	(224)	(400)	(37)	(84)	(52)	(127)	(300)
Other operating income/expenses, net	87	26	(28)	(123)	(10)	(56)	11	(183)	(27)	(28)	138	49	132	(56)	(27)	8 499	6 617	15 033	(21)	(69)	(36)	(96)	(222)
(Loss)/reversal of loss due to impairment of financial instruments	0	0	0	0	0	(9)	(24)	(33)	3	3	0	(6)	0	8	(3)	1	5	11	(6)	8	(18)	10	(6)
Share in profit from investments accounted for using the equity method	(1)	(1)	0	0	0	0	0	1	0	0	1	0	1	0	(1)	1	0	0	1	1	1	0	3
Operating profit/(loss) increased by depreciation and amortisation (EBITDA) before impairment allowances	(557)	(565)	(621)	(751)	(614)	(793)	(835)	(1 124)	(290)	(235)	(32)	(162)	(719)	(316)	(304)	8 229	6 239	13 848	(399)	(438)	(431)	(458)	(1 726)
Operating profit/(loss) increased by depreciation and amortisation (EBITDA)	(557)	(565)	(626)	(744)	(613)	(749)	(842)	(1 128)	(290)	(235)	(32)	(165)	(722)	(316)	(304)	8 227	6 232	13 839	(399)	(438)	(431)	(461)	(1 729)
Profit/(Loss) from operations before impairment allowances	(678)	(671)	(706)	(851)	(727)	(906)	(1 003)	(1 330)	(347)	(303)	(100)	(261)	(1 011)	(395)	(378)	8 148	6 147	13 522	(486)	(530)	(518)	(562)	(2 096)
Profit/(Loss) from operations	(678)	(671)	(711)	(844)	(726)	(862)	(1 010)	(1 334)	(347)	(303)	(100)	(264)	(1 014)	(395)	(378)	8 146	6 140	13 513	(486)	(530)	(518)	(565)	(2 099)
Increases in non-current assets **	117	230	205	136	221	257	445	455	44	77	63	159	343	73	40	165	207	485	42	87	135	171	435

*) Restated data – change in consolidation method for Basell ORLEN Polyolefines Sp. z o.o. and Płocki Park Przemysłowo-Technologiczny S.A. in accordance with IFRS 11.

**) In accordance with IFRS 16 Leases, the "increase in non-current assets" item includes rights-of-use - in the interests of consistency, the data for the I quarter of 2019 were also updated.

Consolidated statement of profit or loss and other comprehensive income

Item,	12 months	12 months	Q1	Q2	Q3	Q4	12 months	Q1	Q2	Q3	Q4	12 months	Q1	Q2	Q3	Q4	12 months
PLN million	2019	2020	2021*	2021*	2021	2021	2021	2022	2022	2022	2022	2022	2023	2023	2023	2023	2023
Sales revenues	111 203	86 180	24 562	29 423	36 442	40 914	131 341	45 447	57 804	72 915	106 268	282 434	110 270	74 621	75 424	98 327	372 640
revenues from sales of finished goods and services	93 009	66 180	18 570	22 845	29 004	32 996	103 415	36 535	46 981	61 404	91 536	236 456	91 777	59 884	59 189	86 225	319 636
revenues from sales of merchandise and raw materials	18 194	20 000	5 992	6 578	7 438	7 918	27 926	8 912	10 823	11 511	14 732	45 978	18 493	14 737	16 235	12 102	53 004
Cost of sales	(97 301)	(76 667)	(20 174)	(24 620)	(30 427)	(35 568)	(110 789)	(35 944)	(44 622)	(61 057)	(83 172)	(224 795)	(93 045)	(64 527)	(63 587)	(82 312)	(312 163)
cost of finished goods and services sold	(81 266)	(59 788)	(15 040)	(18 841)	(24 009)	(28 412)	(86 302)	(28 228)	(34 222)	(51 914)	(68 959)	(183 323)	(76 165)	(51 894)	(49 328)	(70 696)	(265 320)
cost of merchandise and raw materials sold	(16 035)	(16 879)	(5 134)	(5 779)	(6 418)	(7 156)	(24 487)	(7 716)	(10 400)	(9 143)	(14 213)	(41 472)	(16 880)	(12 633)	(14 259)	(11 616)	(46 843)
Gross profit/(loss) on sales	13 902	9 513	4 388	4 803	6 015	5 346	20 552	9 503	13 182	11 858	23 096	57 639	17 225	10 094	11 837	16 015	60 477
Distribution expenses	(6 355)	(7 226)	(1 920)	(1 948)	(2 214)	(2 425)	(8 507)	(2 380)	(2 451)	(2 999)	(3 336)	(11 166)	(3 662)	(3 849)	(3 918)	(4 246)	(15 675)
Administrative expenses	(1 806)	(2 314)	(671)	(659)	(597)	(688)	(2 615)	(699)	(735)	(850)	(1 265)	(3 549)	(1 392)	(1 362)	(1 290)	(1 640)	(5 670)
Other operating income**	1 246	10 078	1 729	1 087	1 232	3 863	7 911	845	539	9 967	9 665	20 538	2 020	1 562	2 993	2 865	8 696
gain on bargain purchase of the LOTOS Group and of the PGNiG Group	0	0	0	0	0	0	0	0	0	8 546	6 641	15 187	0	0	0	11	11
Other operating expenses	(1 717)	(6 226)	(1 373)	(679)	(657)	(1 289)	(3 998)	(3 863)	(5 406)	(672)	(5 636)	(15 099)	(1 759)	(927)	(3 083)	(3 457)	(10 276)
(Loss)/reversal due to impairment of trade receivables	(41)	(66)	18	(56)	(21)	(27)	(86)	(15)	(13)	(10)	(271)	(309)	(27)	(38)	(29)	(114)	(208)
Share in profit from investments accounted for under equity method	136	149	81	207	100	225	613	142	102	36	4	284	(1)	(110)	(927)	(582)	(1 555)
Profit/(Loss) from operations	5 365	3 908	2 252	2 755	3 858	5 005	13 870	3 533	5 218	17 330	22 257	48 338	12 404	5 370	5 583	8 841	35 789
Finance income	890	852	263	373	228	318	789	445	409	962	1 073	2 265	1 349	1 485	597	1 729	4 322
Finance costs	(901)	(1 889)	(353)	(271)	(526)	(211)	(968)	(539)	(630)	(1 735)	(491)	(2 771)	(565)	(490)	(1 163)	(778)	(2 236)
Net finance income and costs	(11)	(1 037)	(90)	102	(298)	107	(179)	(94)	(221)	(773)	582	(506)	784	995	(566)	951	2 086
(Loss)/reversal of loss due to impairment of loans and interest on trade receivables	(2)	(15)	(1)	(3)	(3)	(1)	(8)	(3)	(1)	(1)	(9)	(14)	(14)	(13)	(19)	(4)	(50)
Profit/(Loss) before tax	5 352	2 856	2 161	2 854	3 557	5 111	13 683	3 436	4 996	16 556	22 830	47 818	13 174	6 352	4 998	9 788	37 825
Tax expense	(1 054)	(31)	(289)	(610)	(629)	(967)	(2 495)	(591)	(1 313)	(1 805)	(4 313)	(8 022)	(4 065)	(1 808)	(1 539)	(2 519)	(10 260)
Net profit/(loss)	4 298	2 825	1 872	2 244	2 928	4 144	11 188	2 845	3 683	14 751	18 517	39 796	9 109	4 544	3 459	7 269	27 565
Other comprehensive income:
which will not be reclassified subsequently into profit or loss	(35)	(59)	(45)	15	10	139	119	46	46	(35)	8	65	40	(14)	(30)	(166)	(168)
fair value measurement of investment property as at the date of reclassification		0	0	0	0	16	16	0	0	0	8	8	0	0	0	1	1
actuarial gains and losses	(21)	(68)	(58)	17	10	155	124	50	55	(36)	(3)	66	52	(17)	(31)	(218)	(214)
gains/(losses) on investments in equity instruments at fair value through other comprehensive income	(20)	(5)	4	1	2	(1)	6	6	1	(6)	8	9	(4)	2	(6)	11	3
deferred tax	6	14	9	(3)	(2)	(31)	(27)	(10)	(10)	7	(5)	(18)	(8)	1	7	40	42
which will be reclassified into profit or loss	105	137	153	265	(42)	(23)	353	92	316	1 132	4 486	6 026	4 302	(788)	69	(1 922)	1 712
hedging instruments	(148)	(675)	(589)	637	(276)	365	137	(396)	286	(360)	6 387	5 917	5 438	568	(1 415)	557	5 148
hedging costs	115	255	348	(66)	(243)	(689)	(650)	(58)	(174)	612	503	883	140	321	223	(273)	411
exchange differences on translating foreign operations	138	481	346	(198)	385	233	766	453	229	929	(1 021)	590	(220)	(1 546)	1 017	(2 160)	(2 858)
share in other comprehensive income of investments accounted for using the equity method		0	0	0	0	1	1	2	(1)	1	(1)	1	0	(2)	2	0	0
deferred tax	0	76	48	(108)	92	67	99	91	(24)	(50)	(1 382)	(1 365)	(1 056)	(129)	242	(46)	(989)
Total net comprehensive income	4 368	2 903	1 980	2 524	2 896	4 260	11 660	2 983	4 045	15 848	23 011	45 887	13 451	3 742	3 498	5 181	29 109

Net profit/(loss) attributable to	4 298	2 825	1 872	2 244	2 928	4 144	11 188	2 845	3 683	14 751	18 517	39 796	9 109	4 544	3 459	7 269	27 565
equity owners of the parent	4 300	2 755	1 845	2 227	2 909	4 141	11 122	2 770	3 612	14 679	18 593	39 654	8 962	4 590	3 464	7 353	27 553
non-controlling interest	(2)	70	27	17	19	3	66	75	71	72	(76)	142	147	(46)	(5)	(84)	12
Total net comprehensive income attributable to	4 368	2 903	1 980	2 524	2 896	4 260	11 660	2 983	4 045	15 848	23 011	45 887	13 451	3 742	3 498	5 181	29 109
equity owners of the parent	4 370	2 840	1 958	2 506	2 877	4 246	11 587	2 905	3 968	15 780	23 088	45 741	13 299	3 790	3 506	5 268	29 100
non-controlling interest	(2)	63	22	18	19	14	73	78	77	68	(77)	146	152	(48)	(8)	(87)	9

Net profit/(loss) and diluted net profit/(loss) per share attributable to equity owners of the parent (in PLN per share)	10,05	6,44	4,31	5,21	6,80	9,68	26,00	6,48	8,44	23,43	16,02	34,16	7,72	3,95	2,98	6,33	23,73

*) Restated data.

**) In the 3 month period ended June 30, 2020 and in the 12 month period ended December 31, 2020 including provisional recognition of gain on bargain purchase of 80% shares of ENERGA in the amount of PLN 4 062 million.

Item, PLN million				31.12.2019 31.12.2020 31.03.2021 30.06.2021* 30.09.2021 31.12.2021 31.03.2022 30.06.2022 30.09.2022 31.12.2022 31.03.2023 30.06.2023 30.09.2023 31.12.2023

ASSETS
Property, plant and equipment Intangible assets and goodwill	32 363 1 600	49 625 2 515	50 440 3 947	51 431 2 833	52 705 3 233	55 379 4 829	57 133 7 280	56 645 4 103	64 176 5 290	136 387 11 192	119 951 15 434	122 079 11 758	128 919 13 875	147 648 14 415
Rights of use assets	3 952	5 252	5 355	5 417	5 583	5 586	5 803	5 533	6 598	12 438	10 906	11 258	11 041	13 576
Investments accounted for using the equity method	678	758	1 108	1 066	1 167	1 125	1 239	1 161	1 456	3 390	3 986	3 804	3 519	2 232
Deferred tax assets	51	685	761	747	774	718	656	660	808	3 548	3 015	1 218	982	906
Derivatives	310	179	226	343	416	343	459	401	719	1 572	1 452	1 777	1 597	1 682
Long-term lease receivables	13	2	2	2	1	0	0	0	0	0	0	0	0	0
Other assets	310	417	438	523	572	726	926	1 177	2 369	5 867	3 619	3 757	4 541	3 656
Non-current assets	39 277	59 433	62 277	62 362	64 451	68 706	73 496	69 680	81 416	174 394	158 363	155 651	164 474	184 115
Inventories	15 074	12 279	14 385	14 794	16 119	18 410	23 586	26 630	32 791	44 304	35 550	31 614	35 995	32 910
Trade and other receivables	9 669	9 640	11 533	13 440	14 955	15 041	20 097	19 400	29 549	37 931	45 709	33 780	34 622	41 043
Current tax assets	262	449	475	411	255	129	95	190	194	1 036	924	1 304	1 937	2 684
Cash	6 159	1 240	2 003	2 775	2 958	2 896	3 069	3 046	11 455	21 046	28 683	23 501	13 607	13 311
Derivatives	243	440	880	1 671	1 986	1 149	538	612	703	3 905	2 695	2 220	1 702	2 676
Short-term lease receivables	12	11	9	6	4	0	0	0	0	0	0	0	0	0
Other assets	468	530	551	501	608	423	2 125	2 582	5 906	30 570	8 575	3 523	3 490	3 090
Assets classified as held for sale	38	26	7	4	5	0	0	0	6 906	3	23	47	10	241
Current assets	31 925	24 615	29 843	33 602	36 890	38 048	49 510	52 460	87 504	138 795	122 159	95 989	91 363	95 955
Total assets	71 202	84 048	92 120	95 964	101 341	106 754	123 006	122 140	168 920	313 189	280 522	251 640	255 837	280 070
EQUITY AND LIABILITIES
EQUITY
Share capital	1 058	1 058	1 058	1 058	1 058	1 058	1 058	1 058	1 306	1 974	1 974	1 974	1 974	1 974
Share premium	1 227	1 227	1 227	1 227	1 227	1 227	1 227	1 227	16 079	46 405	46 405	46 405	46 405	46 405
Own shares	0	0	0	0	0	0	0	0	0	(2)	(2)	(2)	(2)	(2)
Hedging reserve	328	(16)	(209)	254	(174)	(430)	(793)	(705)	(503)	5 005	9 527	10 287	9 337	9 575
Revaluation reserve	(33)	(37)	(34)	(33)	(31)	(20)	(15)	(14)	(19)	(5)	(8)	(7)	(11)	(1)
Exchange differences on translating foreign operations	847	1 328	1 691	1 493	1 878	2 111	2 564	2 793	3 722	2 701	2 463	917	1 934	(156)
Retained earnings	35 169	38 036	39 838	40 581	43 499	47 761	50 571	52 729	65 371	85 970	90 002	88 192	91 635	106 968
Equity attributable to equity owners of the parent	38 596	41 596	43 571	44 580	47 457	51 707	54 612	57 088	85 956	142 048	150 361	147 766	151 272	164 763
Non-controlling interests	11	793	824	840	860	871	949	1 020	1 091	1 040	1 163	1 115	1 107	1 062
Total equity	38 607	42 389	44 395	45 420	48 317	52 578	55 561	58 108	87 047	143 088	151 524	148 881	152 379	165 825
LIABILITIES
Loans, borrowings and bonds	8 185	9 430	10 415	12 922	12 813	13 742	16 939	9 955	10 210	11 973	9 610	8 718	10 797	10 671
Provisions	1 113	2 264	2 306	2 246	2 187	1 905	1 740	1 592	3 253	8 229	8 003	7 813	7 878	10 158
Deferred tax liabilities	1 474	2 003	2 105	2 412	2 322	2 060	1 791	1 686	2 699	9 835	7 465	8 025	9 435	13 549
Derivatives	2	138	352	72	349	705	792	988	943	4 681	1 866	1 074	590	242
Lease liabilities	3 380	4 501	4 589	4 675	4 836	4 876	5 024	5 005	5 823	8 131	8 867	9 240	9 355	9 342
Other liabilities	161	370	382	430	460	586	599	605	680	4 444	688	707	820	860
Liabilities from contracts with customers	0	11	10	10	10	9	9	9	9	0	0	0	0	0
Non-current liabilities	14 315	18 717	20 159	22 767	22 977	23 883	26 894	19 840	23 617	47 293	36 499	35 577	38 875	44 822
Trade and other liabilities	15 132	14 023	15 994	19 754	19 906	19 811	24 432	27 470	34 542	40 210	40 429	43 137	40 916	41 462
Lease liabilities	618	713	661	644	690	679	694	701	977	1 405	1 290	1 281	1 337	1 413
Liabilities from contracts with customers	246	442	507	563	620	719	772	1 074	1 115	1 671	2 615	3 107	3 376	1 819
Loans, borrowings and bonds	422	4 930	5 084	1 414	1 542	1 429	1 725	4 733	6 174	7 252	7 615	2 253	1 574	4 496
Provisions	1 236	2 299	3 473	2 878	4 443	6 201	7 984	4 360	6 290	12 846	15 093	7 864	9 522	11 400
Current tax liabilities	124	66	127	86	169	855	681	1 753	5 237	14 603	13 563	2 712	2 562	2 372
Derivatives	266	270	281	310	419	461	1 245	1 626	1 331	13 403	6 170	3 880	3 044	1 807
Other liabilities	236	199	1 439	2 128	2 258	138	3 018	2 475	2 590	31 418	5 724	2 948	2 252	4 654
Current liabilities	18 280	22 942	27 566	27 777	30 047	30 293	40 551	44 192	58 256	122 808	92 499	67 182	64 583	69 423
Total liabilities	32 595	41 659	47 725	50 544	53 024	54 176	67 445	64 032	81 873	170 101	128 998	102 759	103 458	114 245
Total equity and liabilities	71 202	84 048	92 120	95 964	101 341	106 754	123 006	122 140	168 920	313 189	280 522	251 640	255 837	280 070

Item,	Q1	Q2	Q3	Q4	12 months
PLN million	2023	2023	2023	2023	2023
Cash flows from operating activities
Profit/(Loss) before tax	13 174	6 352	4 998	9 788	37 825
Adjustments for:
Share in profit from investments accounted for using the equity method	1	110	927	582	1 555
Depreciation and amortisation	3 049	2 872	2 834	3 557	14 146
Foreign exchange (profit)/loss	(220)	(291)	220	(451)	(742)
Net interest	110	8	56	104	297
(Profit)/Loss on investing activities	523	145	(144)	826	3 157
Change in provisions	3 162	1 424	1 628	3 411	9 708
Change in working capital	6 013	8 413	(41)	(4 354)	9 021
inventories	9 702	3 546	(4 194)	2 503	10 719
receivables	(4 930)	8 263	1 177	(7 123)	(2 215)
liabilities	1 241	(3 396)	2 976	266	517
Other adjustments, incl.:	1 744	(2 080)	(2 238)	(5 754)	(14 305)
settlement of grants for property rights	(961)	(1 141)	(1 006)	(1 133)	(4 241)
security deposits	4 735	2 190	(94)	1 724	8 771
derivatives	(2 024)	(3 661)	(1 156)	(2 981)	(9 822)
Income tax (paid)	(4 077)	(9 921)	(999)	(1 567)	(16 564)
Net cash from operating activities	23 479	7 032	7 241	6 142	44 098
Cash flows from investing activities
Acquisition of property, plant and equipment, intangible assets and rights of use assets	(9 630)	(7 677)	(9 207)	(9 589)	(36 123)
Proceeds from the sale of shares in connection with the implementation of REMEDIES	0	340	0	0	340
Acquisition of financial assets in ORLEN VC	(2)	(15)	(6)	(39)	(62)
Disposal of property, plant and equipment, intangible assets and rights of use assets	51	126	60	885	1 101
Short-term deposits	0	3	(4)	(53)	(54)
(Purchase)/Disposal of bonds	(3 055)	2 070	47	904	(60)
Acquisition of petrochemical assets less cash	(218)	4	0	0	(214)
Recapitalisation in investments in joint ventures	(526)	0	(621)	0	(1 147)
Interest received	27	103	19	41	190
Dividends received	0	100	8	11	119
(Outflows) net cash from loans	8	17	(634)	(992)	(1 601)
Acquisition of shares lowered by cash		23	(133)	1 287	1 177
Other	16	1	(4)	59	72
Net cash (used) in investing activities	(13 329)	(4 905)	(10 475)	(7 486)	(36 262)
Cash flows from financing activities
Proceeds from loans and borrowings received	2 065	91	99	5 551	7 771
Bonds issued	0	0	2 183	0	2 183
Repayment of loans and borrowings	(3 998)	(2 380)	(694)	(2 235)	(9 272)
Redemption of bonds	(51)	(3 370)	(578)	(24)	(4 023)
Interest paid from loans, borrowings and bonds	(161)	(217)	(135)	(165)	(678)
Interest paid on lease	(118)	(80)	(79)	(93)	(370)
Dividends paid			(6 385)	0	(6 385)
Payments of liabilities under lease agreements	(447)	(440)	(254)	(293)	(1 434)
Grants received	42	42	17	298	399
Other	(67)	(54)	(38)	(14)	(173)
Net cash (used) in financing activities	(2 735)	(6 408)	(5 864)	3 025	(11 982)

Net increase/(decrease) in cash	7 415	(4 281)	(9 098)	1 681	(4 146)
Effect of changes in exchange rates	(188)	(901)	(796)	(1 704)	(3 589)
Cash, beginning of the period	21 456	28 683	23 501	13 334	21 046
Cash, end of the period	28 683	23 501	13 607	13 311	13 311
including restricted cash	4 816	2 000	1 311	1 452	1 452

Selected operating data

Production volume

Production ('000 tonnes)	12 months 2019*	Q1 2020* Q2 2020		Q3 2020	Q4 2020	12 months 2020	Q1 2021	Q2 2021	Q3 2021	Q4 2021	12 months 2021	Q1 2022	Q2 2022 Q3 2022 Q4 2022						12 months 2022 Q1 2023 Q2 2023						Q3 2023	Q4 2023					12 months 2023
	ORLEN Group	ORLEN Group	ORLEN Group	ORLEN Group	ORLEN Group	ORLEN Group	ORLEN Group	ORLEN Group	ORLEN Group	ORLEN Group	ORLEN Group	ORLEN Group	ORLEN Group	ORLEN Group	ORLEN Group	PKN ORLEN S.A.	Unipetrol Group	ORLEN Lietuva	Anwil Group	ORLEN Group	PKN ORLEN S.A.	Unipetrol Group	ORLEN Lietuva	Anwil Group	ORLEN Group	ORLEN Group	ORLEN Group	ORLEN Group	ORLEN S.A.	Unipetrol Group	ORLEN Lietuva	Anwil Group	ORLEN Group	ORLEN S.A.	Unipetrol Group	ORLEN Lietuva	Anwil Group
Crude oil throughput	33 879	7 683	6 192	8 219	7 391	29 485	6 237	6 810	8 319	8 553	29 919	8 162	7 245	10 449	11 234	6 629	2 054	2 465	-	37 090	21 056	7 467	8 241	-	9 474	9 535	10 048	9 472	5 296	1 839	2 245	-	38 529	21 599	7 500	9 096	-

Refinery production	29 778	6 601	5 524	7 204	6 275	25 604	5 296	6 394	7 483	7 417	26 590	6 753	6 382	9 519	10 284	6 166	1 716	2 352	-	32 938	18 297	6 156	8 137	-	8 357	8 863	9 356	9 086	5 412	1 509	2 116	-	35 662	20 629	6 252	8 592	-
Light distillates, including:	7 384	1 667	1 432	1 834	1 504	6 437	1 308	1 717	1 927	1 872	6 824	1 671	1 468	2 094	2 255	1 104	450	710	-	7 488	3 692	1 588	2 307	-	1 910	2 174	2 423	2 207	1 094	401	734	-	8 714	4 302	1 705	2 875	-
- gasolines	6 734	1 519	1 269	1 666	1 387	5 841	1 215	1 540	1 755	1 756	6 266	1 562	1 356	1 917	2 078	1 004	424	659	-	6 913	3 376	1 477	2 132	-	1 775	1 979	2 215	2 057	1 020	373	680	-	8 026	3 974	1 565	2 635	-
- LPG	650	148	163	168	117	596	93	177	172	116	558	109	112	177	177	100	26	51	-	575	316	111	175	-	135	195	208	150	74	28	54	-	688	328	140	240	-
Medium distillates, including:	16 289	3 675	2 994	3 916	3 354	13 939	2 870	3 447	4 097	4 083	14 497	3 851	3 759	5 450	5 946	3 815	970	1 139	-	19 006	11 351	3 573	4 003	-	4 797	4 727	5 050	5 068	3 234	854	964	-	19 642	12 044	3 523	4 019	-
- diesel oil	14 632	3 357	2 909	3 694	3 206	13 166	2 738	3 294	3 789	3 790	13 611	3 609	3 429	4 967	5 470	3 438	943	1 089	-	17 475	10 239	3 440	3 791	-	4 458	4 285	4 537	4 632	2 935	792	912	-	17 912	10 871	3 288	3 766	-
- light heating oil	216	71	36	39	54	200	76	25	41	80	222	54	48	76	151	108	4	16	-	329	205	15	33	-	66	28	30	66	27	6	10	-	190	69	20	32	-
- jet fuel	1 441	247	49	183	94	573	56	128	267	213	664	188	282	407	325	269	23	34	-	1 202	907	118	179	-	273	414	483	370	272	56	42	-	1 540	1 104	215	221	-
Heavy fractions, including:	4 725	917	782	1 192	946	3 837	572	829	1 123	1 096	3 620	867	835	1 166	1 301	773	187	357	-	4 169	2 245	650	1 318	-	1 126	1 240	1 305	1 184	715	151	340	-	4 855	2 876	717	1 351	-
- heavy heating oil	3 023	691	417	602	499	2 209	413	465	597	688	2 163	690	427	553	686	380	38	268	-	2 356	1 188	107	1 028	-	805	497	550	613	334	25	239	-	2 465	1 368	147	883	-
- asphalt	1 562	204	324	559	397	1 484	121	342	489	378	1 330	142	376	562	538	304	145	89	-	1 618	811	516	290	-	274	685	717	526	304	122	101	-	2 202	1 183	553	468	-
- oils	140	22	41	31	50	144	38	22	37	30	127	35	32	51	77	89	4	-	-	195	246	27	0	-	47	58	38	45	77	4	-	-	188	325	17	0	-
Other	1 380	342	316	262	471	1 391	546	401	336	366	1 649	364	320	809	782	474	109	146	-	2 275	1 009	345	509	-	524	722	578	627	369	103	78	-	2 451	1 407	307	347	-

Petrochemical production	5 410	1 338	976	1 294	1 489	5 097	1 357	1 137	1 317	1 358	5 169	1 415	1 361	1 107	1 095	425	508	9	305	4 978	1 880	2 174	55	1 457	1 289	903	1 076	1 095	273	525	13	315	4 363	1 389	1 843	38	1 324
Monomers, including:	1 044	250	226	282	249	1 007	221	95	257	285	858	260	242	206	197	201	31	9	-	905	876	100	55	-	193	170	182	121	87	27	13	-	666	615	103	38	-
- ethylene	530	120	96	124	118	458	92	38	106	123	359	120	113	98	102	108	24	-	-	433	459	86	-	-	88	78	85	53	34	21	-	-	304	301	77	-	-
- propylene	514	130	130	158	131	549	129	57	151	162	499	140	129	108	95	93	7	9	-	472	417	14	55	-	105	92	97	68	53	6	13	-	362	314	26	38	-
Polymers, including:	549	115	49	104	207	475	144	157	157	182	640	174	175	146	153	-	153	-	-	648	-	648	-	-	185	114	167	148	13	135	-	-	614	-	561	-	-
- polyethylene	275	51	25	53	110	239	77	88	88	106	359	101	99	82	88	-	88	-	-	370	-	370	-	-	117	83	104	103	13	90	-	-	407	-	354	-	-
- polypropylene	274	64	24	51	97	236	67	69	69	76	281	73	76	64	65	-	65	-	-	278	-	278	-	-	68	31	63	45	-	45	-	-	207	-	207	-	-
Aromas, including:	424	102	54	106	109	371	86	81	81	97	345	111	106	87	90	40	50	-	-	394	182	213	-	-	99	70	92	83	35	48	-	-	344	162	182	-	-
- benzene	424	102	54	106	109	371	86	81	81	97	345	111	106	87	90	40	50	-	-	394	182	213	-	-	99	70	92	83	35	48	-	-	344	162	182	-	-
- toluene	0	-	-	-	-	0	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
- paraxylene	0	-	-	-	-	0	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
- ortoxylene	0	-	-	-	-	0	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fertilizers, including:	1 059	286	259	281	278	1 104	306	268	283	264	1 121	228	293	194	185	-	37	-	148	900	-	163	-	737	278	229	207	293		32	-	261	1 007	-	104	-	903
- CANWIL	325	83	69	103	93	348	107	80	117	97	401	67	97	102	49	-	-	-	49	315	-	-	-	315	104	69	83	116	-	-	-	116	372	-	-	-	372
- amonium nitrate	173	49	48	28	51	176	54	51	22	39	166	52	49	25	37	-	37	-	-	163	-	163	-	-	22	32	18	32	-	32	-	-	104	-	104	-	-
- amonium sulphate	561	154	142	150	134	580	145	137	144	128	554	109	147	67	99	-	-	-	99	422	-	-	-	422	152	128	106	145	-	-	-	145	531	-	-	-	531
- other fertilizers	0	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Plastics, including:	333	105	79	94	109	387	104	42	93	101	340	114	115	79	76	-	10	-	66	384	-	78	-	308	71	53	66	17		8	-	10	207	-	27	-	181
- PVC	280	93	68	80	95	336	90	26	77	87	280	99	99	67	66	-	10	-	56	331	-	78	-	255	59	42	55	7	-	8	-	0	163	-	27	-	137
- PVC granulate	53	12	11	14	14	51	14	16	16	14	60	15	16	12	10	-	-	-	10	53	-	-	-	53	12	11	11	10	-	-	-	10	44	-	-	-	44
PTA	648	163	128	139	175	605	143	146	142	87	518	171	162	116	123	123	-	-	-	572	572	-	-	-	107	93	109	102	101	-	-	-	411	410	-	-	-
Other	1 353	317	181	288	362	1 148	353	348	304	342	1 347	357	268	279	271	61	227	-	91	1 175	250	972	-	412	356	174	253	331	37	275	-	44	1 114	202	866	-	240
Total production *) Restated data.	35 188	7 939	6 500	8 498	7 764	30 701	6 653	7 531	8 800	8 775	31 759	8 168	7 743	10 626	11 379	6 591	2 224	2 361	305	37 916	20 177	8 330	8 192	1 457	9 646	9 766	10 432	10 181	5 685	2 034	2 129	315	40 025	22 018	8 095	8 630	1 324

Sales volume

27 553 23 560 5 049 5 797 6 747 6 796 24 389 5 912 5 915 8 933 9 698 30 458 7 432 8 036 8 771 8 702 Refining Segment Light distillates, including: 5 231 4 530 850 1 225 1 361 1 320 4 756 1 132 925 1 455 1 752 5 264 1 381 1 526 1 587 1 478 4 588 3 994 763 1 099 1 229 1 198 4 289 1 018 813 1 277 1 556 4 664 1 228 1 357 1 411 1 316 - gasolines - LPG 643 536 87 126 132 122 467 114 112 178 196 600 153 169 176 162 Medium distillates, including: 13 974 11 799 2 493 2 993 3 426 3 438 12 350 3 087 3 186 4 929 5 283 16 485 3 868 3 956 4 718 4 695 - diesel oil 12 053 10 848 2 296 2 802 3 104 3 083 11 285 2 769 2 855 4 401 4 723 14 748 3 473 3 502 4 179 4 217 362 339 114 55 64 116 349 108 54 124 226 512 109 54 57 96 - light heating oil - jet fuel 1 559 612 83 136 258 239 716 210 277 404 334 1 225 286 400 482 382 Heavy fractions, including: 4 784 3 771 630 764 1 098 1 097 3 589 821 922 1 266 1 313 4 322 1 096 1 362 1 289 1 237 - heavy heating oil 3 054 2 158 461 399 574 703 2 137 622 517 566 684 2 389 744 568 506 623 - asphalt 1 552 1 473 134 338 490 364 1 326 158 373 643 570 1 744 285 724 754 550 - oils 178 140 35 27 34 30 126 41 32 57 59 189 67 70 29 64 Other 3 564 3 460 1 076 815 862 941 3 694 872 882 1 283 1 350 4 387 1 087 1 192 1 177 1 292 5 187 5 106 1 271 1 039 1 309 1 287 4 906 1 397 1 362 1 121 1 133 5 013 1 119 1 141 1 142 977 Petrochemical Segment 1 022 959 215 67 243 269 794 250 237 202 206 895 185 183 186 122 Monomers, including: 518 436 94 24 104 121 343 112 107 96 98 413 85 78 83 53 - ethylene - propylene 504 523 121 43 139 148 451 138 130 106 108 482 100 105 103 69 Polymers, including: 519 498 149 134 155 165 603 173 169 158 161 661 178 153 179 163 - polyethylene 247 257 77 70 90 91 328 102 95 91 93 381 102 104 119 92 - polypropylene 272 241 72 64 65 74 275 71 74 67 68 280 76 49 60 71	Sales ('000 tonnes)	12 months 2019*	12 months 2020	Q1 2021	Q2 2021	Q3 2021	Q4 2021	12 months 2021	Q1 2022	Q2 2022	Q3 2022	Q4 2022	12 months 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	12 months 2023

																		32 941
																		5 972
																		5 312
																		660
																		17 237
																		15 371
																		316
																		1 550
																		4 984
																		2 441
																		2 313
																		230
																		4 748
																		4 379
																		676
																		299
																		377
																		673
																		417
																		256
Aromas, including: 424 373 87 76 85 99 347 112 102 84 96 394 94 72 103 81																		350
- benzene 424 373 87 76 85 99 347 112 102 84 96 394 94 72 103 81																		350
- toluene 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0																		0
- paraxylene 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0																		0
- ortoxylene 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0																		0
Fertilizers, including: 1 030 1 122 305 279 293 257 1 134 251 284 179 201 915 201 282 229 262																		974
310 355 114 76 116 84 390 90 83 92 64 329 68 101 89 105 - CANWIL																		363
- amonium nitrate 167 176 58 58 29 48 193 52 50 24 38 164 24 31 13 29																		97
- amonium sulphate 553 591 133 145 148 125 551 109 151 63 99 422 109 150 127 128																		514
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - other fertilizers																		0
Plastics, including: 343 396 78 67 95 91 331 116 103 85 67 371 83 55 64 30																		232
- PVC 288 344 63 51 79 77 270 101 89 73 55 318 72 44 53 19																		188
- PVC granulate 55 52 15 16 16 14 61 15 14 12 12 53 11 11 11 11																		44
647 631 141 146 137 94 518 169 161 122 120 572 98 102 112 101 PTA																		413
Other 1 202 1 127 296 270 301 312 1 179 326 306 291 282 1 205 280 294 269 218																		1 061
9 817 8 852 1 921 2 249 2 481 2 323 8 974 2 175 2 336 2 543 2 298 9 352 2 166 2 454 2 804 2 781 Retail Segment																		10 205
3 776 3 455 727 912 1 018 911 3 568 837 949 1 050 933 3 769 868 1 017 1 143 1 056 Light distillates, including:																		4 084
- gasolines 3 301 3 037 641 806 899 814 3 160 744 842 938 830 3 354 772 906 1 026 950																		3 654
- LPG 475 418 86 106 119 97 408 93 107 112 103 415 96 111 117 106																		430
Medium distillates, including: 6 039 5 394 1 192 1 336 1 462 1 411 5 401 1 335 1 386 1 493 1 363 5 577 1 296 1 436 1 658 1 723																		6 113
- diesel oil 5 893 5 271 1 174 1 317 1 443 1 385 5 319 1 317 1 370 1 469 1 344 5 500 1 275 1 414 1 640 1 690																		6 019
- light heating oil 146 123 18 19 19 26 82 18 16 24 19 77 21 22 18 33																		94
Other 2 3 2 1 1 1 5 3 1 0 2 6 2 1 3 2																		8
Upstream Segment 736 742 156 174 166 158 654 160 179 225 274 838 520 521 411 429																		1 881
Crude oil 96 102 13 12 12 13 50 23 27 49 92 191 362 335 242 242																		1 181
Natural gas 441 463 102 110 101 100 413 94 102 130 103 429 76 85 82 87																		330
NGL (Natural Gas Liquids) 199 177 41 52 53 45 191 43 50 46 64 203 58 80 72 79																		289
LNG gas 0 0 0 0 0 0 0 0 0 0 3 3 4 4 4 4																		16
Other 0 0 0 0 0 0 0 0 0 0 12 12 20 17 11 17																		65
Gas Segment 0 0 0 0 0 0 0 0 0 0 191 191 30 32 36 52																		150
LNG gas 0 0 0 0 0 0 0 0 0 0 191 191 30 32 36 52																		150

Selected operating data for Energy, Upstream ang Gas Segment

Item	Q1 2023	Q2 2023	Q3 2023	Q4 2023	12 months 2023
Upstream Segment
2P reserves at the end of period (million boe)*
Poland	733,6	733,6	733,6	731,2	731,2
Norway	346,6	346,6	346,6	347,3	347,3
Canada	158,0	158,0	158,0	148,1	148,1
Pakistan	38,7	38,7	38,7	36,7	36,7
Lithuania	1,3	1,3	1,3	1,1	1,1

CRUDE OIL AND CONDENSATE

Crude oil and condensate production ('000 boe)	4 560,5	4 322,3	3 717,1	4 705	17 305
Poland	1 788,0	1 602,9	1 307,2	1 700,6	6 398,8
Norway	2 108,0	1 974,6	1 754,0	2 192,6	8 029,1
Canada	632,0	713,0	625,6	781,4	2 752,0
Lithuania	32,5	31,8	30,3	30,4	124,9
Crude oil and condensate sales outside ORLEN Group ('000 boe)	3 426,1	3 474,5	2 682,9	2 763	12 346
Poland	466,3	233,6	233,6	467,7	1 401,1
Norway	2 328,6	2 528,5	1 824,5	1 514,4	8 196,0
Canada	631,2	712,5	624,8	780,8	2 749,2
Lithuania	0,0	0,0	0,0	0,0	0,0

NATURAL GAS

Natural gas production ('000 boe)	12 497,1	10 592,5	10 534,1	12 250	45 873
Poland	5 692,5	5 196,6	5 008,5	5 657,2	21 554,8
Norway	5 704,2	4 242,4	4 399,2	5 357,2	19 703,0
Canada	612,0	686,0	658,5	694,5	2 651,0
Pakistan	488,4	467,5	467,9	540,8	1 964,5
Natural gas production (TWh)	21,2	18,0	17,9	21	78
Poland	9,7	8,8	8,5	9,6	36,6
Norway	9,7	7,2	7,5	9,1	33,5
Canada	1,0	1,2	1,1	1,2	4,5
Pakistan	0,8	0,8	0,8	0,9	3,3
Natural gas production (billion m3 )	1,9	1,6	1,6	2	7
Poland	0,9	0,8	0,8	0,9	3,3
Norway	0,9	0,7	0,7	0,8	3,1
Canada	0,1	0,1	0,1	0,1	0,4
Pakistan	0,1	0,1	0,1	0,1	0,3
Nitrogen-rich gas production sold from local sources located in Poland ('000 boe)	1 188,47	876,51	799,85	1 118,28	3 983,11
Nitrogen-rich gas production sold from local sources located in Poland (TWh)	2,02	1,49	1,36	1,90	6,77
Nitrogen-rich gas production sold from local sources located in Poland (billion m3)	0,18	0,14	0,12	0,17	0,62
Natural gas sales outside ORLEN Group ('000 boe)	2 304,75	2 039,67	1 934,05	2 369,72	8 648,20
Natural gas sales outside ORLEN Group (TWh)	3,92	3,47	3,29	4,03	14,70
Natural gas sales outside ORLEN Group (billion m3 )	0,36	0,32	0,30	0,37	1,34

Gas Segment

Import to Poland (TWh) - from eastern direction, including:	33,1 1,2	35,3 0,4	43,8 0,0	42,1 3,3	154,3 4,9
Lithuania	1,2	0,4	0,0	0,6	2,2
Ukraine	0,0	0	0	2,7	2,7
- LNG total, including:	16,7	16,6	18,2	19,6	71,1
- LNG (contract based on Henry hub)	4,2	6,4	4,2	4,2	19,1
- Interconnectors 3	15,1	18,3	25,6	19,2	78,3
Import to Poland (billion m ) - from eastern direction, including:	3,0 0,1	3,2 0,0	4,0 0,0	3,8 0,3	14,1 0,4
Lithuania	0,1	0,0	0,0	0,1	0,2
Ukraine	0,0	0	0	0,2	0,2
- LNG total, including	1,5	1,5	1,7	1,8	6,5
- LNG Henry hub	0,4	0,6	0,4	0,4	1,7
- Interconnectors	1,4	1,7	2,3	1,7	7,1
Sales outside ORLEN Group (TWh)	98,2	57,9	53,9	86,2	296,1
- ORLEN S.A., Oddział Centralny PGNiG: to Towarowa Giełda Energii	49,2 41,6	28,0 21,3	28,2 18,8	48,0 35,0	153,4 116,7
to industry	7,6	6,7	9,4	13,0	36,7
- PGNiG Obrót Detaliczny	36,1	18,2	11,9	30,5	96,8
PGNIG OD Taryfowy	21,9	9,7	4,8	18,2	54,6
PGNiG OD Nie-taryfowy	14,2	8,5	7,2	12,3	42,2
- PGNiG Supply & Trading	12,9	11,7	13,7	7,7	45,9
Sales within ORLEN Group (TWh)	28,0	29,3	33,5	33,3	124,1
Refining	6,6	7,0	5,7	5,9	25,2
Petrochemical	0	0	0,8	1,3	2,1
Energy	1,8	0,2	0,3	2,4	4,6
Retail Upstream	0,0 0,0	0,0 0,0	0,0 0,0	0,0 0,0	0,0 0,0
Gas	19,6	22,1	26,7	23,6	92,1
Corporate functions	0,0	0,0	0,0	0,0	0,0
3 Sales outside ORLEN Group (billion m )	8,9	5,3	4,9	7,9	27,0
- PGNiG SA:	4,5	2,6	2,6	4,4	14,0
to Towarowa Giełda Energii	3,8	1,9	1,7	3,2	10,6
to industry	0,7	0,6	0,9	1,2	3,3
- PGNiG Obrót Detaliczny	3,3	1,7	1,1	2,8	8,8
PGNIG OD Taryfowy	2,0	0,9	0,4	1,7	5,0
PGNiG OD Nie-taryfowy - PGNiG Supply & Trading	1,3 1,2	0,8 1,1	0,7 1,3	1,1 0,7	3,8 4,2
3 Sales within ORLEN Group (billion m )	2,6	2,7	3,1	3,0	11,3
Refining	0,6	0,6	0,5	0,5	2,3
Petrochemical	0	0	0,1	0,1	0,2
Energy	0,2	0,0	0,0	0,2	0,4
Retail	0,0	0,0	0,0	0,0	0,0
Upstream	0,0	0,0	0,0	0,0	0,0
Gas	1,8	2,0	2,4	2,2	8,4
Corporate functions	0,0	0,0	0,0	0,0	0,0
Distribution (TWh) 3	43,0	25,0	18,2	38,5	124,8
Distribution (billion m )	3,9	2,3	1,7	3,5	11,4
Closing level of natural gas stock in storage facilities (TWh)	13,4	19,0	36,6	33,0	33,0
3 Closing level of natural gas stock in storage facilities (billion m )	1,2	1,7	3,3	3,0	3,0


Energy Segment
ELECTRIC ENERGY

Installed capacity (GWe)	5,4	5,4	5,4	5,5	5,5
RES	0,7	0,8	0,8	0,9	0,9
Natural gas	2,0	2,0	2,0	2,0	2,0
Heating oil	0,7	0,7	0,7	0,6	0,6
Coal Other	1,9 0,2	1,8 0,2	1,8 0,2	1,8 0,2	1,8 0,2
Production (TWh)	4,9	3,6	3,1	5,3	16,9
RES	0,7	0,4	0,3	0,7	2,2
Natural gas	2,2	1,9	1,7	2,7	8,4
Heating oil	0,4	0,3	0,3	0,4	1,3
Coal	1,6	1,0	0,8	1,5	5,0
Other	0,0	0,0	0,0	0,0	0,1
Sales outside ORLEN Group (TWh)	9,0	7,7	7,2	8,7	32,5
- on retail market - on wholesale market	4,6 4,4	4,2 3,5	3,7 3,5	4,5 4,1	17,0 15,5
Sales within ORLEN Group (TWh)	-	-	-
Distribution (TWh)	5,9	5,5	5,5	5,9	22,8
HEAT
Installed capacity (GWt)	13,5	13,6	13,6	14	14
Production (PJ)	30,2	17,3	12,7	27	87
Sales outside ORLEN Group (PJ)	19,3	7,7	3,5	16	47
Sales within ORLEN Group (PJ)	-	-	-

*) As at December 31, 2022.