XTPL S.A. — Earnings Release 2025

Jan 23, 2026

Report Content Title:

Preliminary estimates of revenues from the sale of products and servicesfor the fourth quarter and 2025.

Legal basis:

Article 17(1) MAR - inside information

Content of the Report:

The Management Board of XTPL S.A. ["Issuer," "Company," "XTPL"] herebyreports preliminary estimates of consolidated revenues from the sale ofproducts and services achieved by the Company in the fourth quarter andin 2025.

1. The estimated value of the Company's consolidated revenues from thesale of products and services in Q4 2025 amounted to PLN 3.4 million. Inthe same period of the previous year, revenues amounted to PLN 5.6million. This figure does not include proceeds on account of grantsrelated to the Issuer's implementation of research and developmentprojects.

2. The estimated value of the Company's consolidated revenues from thesale of products and services for 2025 amounted to PLN 13.7 million,compared to PLN 12.3 million recorded in the same period of the previousyear. This figure does not include proceeds on account of grants relatedto the Issuer's implementation of research and development projects.

Achieving its highest-ever sales, the Company delivered 21 printingdevices in 2025, including 13 DPS (Delta Printing System) devices and 8UPD industrial printing modules. As part of the DPS product group, in2025 the Company made its first deliveries to entities from the defenseindustry and related entities on the US market. Within the UPD productgroup, the largest share in sales was generated by the first-everindustrial implementation on the production line of one of the largestChinese display manufacturers.

In Q4 and 2025, the Company did not obtain any new funds from theimplementation of grants. At the same time, it should be emphasized thatas a result of the settlement of grants to assets, it may reportrevenues from this title. Currently, the Company is implementing twointernational grant projects [Current Report 7/2022 of March 31, 2022,and Current Report 1/2024 of January 12, 2024]. At the same time, theCompany announces that it is currently involved in several processesrelated to obtaining new grants for innovative projects related to itsoperations. In the same period of the previous year, the Companyobtained PLN 1.1 million (Q4) and PLN 2.2 million (2024), respectively.

Cash at the end of 2025 amounted to PLN 7.3 million, compared to PLN 9.9million as of September 30, 2025.

The Company's Management Board emphasizes that the above data arepreliminary and estimates, which means that they may ultimately differfrom those presented in the interim report.