XTPL S.A. — Earnings Release 2026

Apr 24, 2026

Report Content Title:

Preliminary estimates of revenues from the sale of products and servicesfor Q1 2026

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 the Company's consolidated revenuesfrom the sale of products and services for the first quarter of 2026.

Estimated consolidated revenues from the sale of the Company's productsand services in the first quarter of 2026 were PLN 1,229 thousand. Inthe same period of the previous year, revenues were PLN 2,024 thousand.This figure does not include proceeds on account of grants related tothe Issuer's implementation of research and development projects.

The main factor affecting sales in the first quarter of 2026 was thedelivery of one Delta Printing System (DPS) device to a customer inTaiwan and two Ultra-Precise Dispensing (UPD) modules, including one toa direct partner in China, as part of the first-ever industrialdeployment of XTPL technology, where the end client is a Chinese FlatPanel Display (FPD) manufacturer with annual revenues exceeding USD 20billion. The delivery of an UPD module to the partner in the firstquarter of 2026 completed the first batch of deliveries agreed inJanuary 2025. Currently, the Company is engaged in advanced negotiationsaimed at securing a further batch of orders, with the expected deliverytimeline within the 2026 horizon, which may have a positive impact onthe results of subsequent periods.

In the first quarter of 2026, the Company did not secure any new fundingfrom grants. At the same time, it should be noted that, as a result ofthe recognition of deferred grant income, the Company may recogniserevenue from this source. The Company is currently implementing twointernational grant-funded projects [Current Report 7/2022 of March 31,2022 and Current Report 1/2024 of January 12, 2024]. In addition, inApril 2026, the Company signed a funding agreement with the NationalCentre for Research and Development (NCBR) for a new project with totalfunding of PLN 10.1 million [Current Report 20/2026 of April 17, 2026].As project implementation is scheduled to commence on May 1, 2026, itshould be assumed that the Company will report the acquisition of newgrant funding by the end of the year. In the corresponding period of theprevious year, the Company did not obtain any new grant funding.

The estimated cash position at the end of the quarter amounted to PLN2.4 million and did not include proceeds from the share issue completedduring the period, under which the Issuer raised PLN 19.5 million grossfrom investors, which were received into the Company's bank account inApril 2026. Together with the signed funding agreement, providing fortotal funding of PLN 10.1 million, the Company's financial position isstable and enables the execution of its 2026-2028 Strategy.

A key element of the Strategy will comprise R_D and sales activitiesaimed at broader commercialisation of the new ODRA systems businessline. The Company received its first order for the supply of an ODRAsystem on March 9, 2026 from an industrial client based in SiliconValley, USA. The contract value is in the range of USD 0.4-0.5 million,and revenue from its execution will have a positive impact on financialresults in Q4 2026. The Company is currently engaged in multiple ongoingsales processes aimed at securing further ODRA system orders withdelivery expected in Q4 2026 or in 2027, which may have a positiveimpact on the results of subsequent periods.

The above preliminary consolidated revenues from the sale of productsand services achieved in the first quarter of 2026 have been deemed bythe Issuer to constitute confidential information due to a significantchange in their level compared with the corresponding period of theprevious year.

The Company's Management Board emphasizes that the above figures areestimated and preliminary data, which means that they may ultimatelydiffer from those to be disclosed in financial statements.