Estimated selected financial and operating data for the second quarterof 2025

The Management Board of PGE Polska Grupa Energetyczna S.A. ("PGE", the"Company") publishes initial selected consolidated financial andoperating data for the second quarter of 2025.

Consolidated recurring EBITDA in the second quarter of 2025 amounted toapprox. PLN 3.27 bn, including:

EBITDA of Renewables segment PLN 0.52 bn,

EBITDA of Gas-fired Generation segment PLN 0.13 bn,

EBITDA of Coal Energy segment* PLN 0.10 bn,

EBITDA of District Heating segment PLN 0.35 bn,

EBITDA of Distribution segment PLN 1.31 bn,

EBITDA of Energy Railway Services segment PLN 0.31 bn,

EBITDA of Supply segment PLN 0.48 bn,

EBITDA of Other Operations and consolidation adjustments PLN 0.07 bn.

The results for the second quarter of 2025 were influenced by one-offevents increasing reported EBITDA result by approx. PLN 67 m. Theperiod's result was mainly influenced by non-cash one-offs:

- write-down of strategic inventories which translated into a decreasein reported EBITDA result by approx. PLN 112 m;

- change in reclamation provision which translated into a decrease inreported EBITDA by approx. PLN 79 m, and

- release of provision for one-time benefit related to NABE (NationalAgency for Energy Security) carve-out which translated into an increasein reported EBITDA by approx. PLN 187 m.

As a result consolidated reported EBITDA amounted to approx. PLN 3.34bn, including:

EBITDA of Renewables segment PLN 0.52 bn,

EBITDA of Gas-fired Generation segment PLN 0.13 bn,

EBITDA of Coal Energy segment* PLN 0.10 bn,

EBITDA of District Heating segment PLN 0.36 bn,

EBITDA of Distribution segment PLN 1.31 bn,

EBITDA of Energy Railway Services segment PLN 0.32 bn,

EBITDA of Supply segment PLN 0.52 bn,

EBITDA of Other Operations and consolidation adjustments PLN 0.07 bn.

At the same time, with reference to the current report no. 31/2025 ofJuly 25, 2025 the Management Board of PGE indicates that:

- following the impairment tests on property, plant and equipment at thePGE Capital Group level impairments (non-cash nature) were made in CoalEnergy segment* amounting to approx. PLN 8.7 bn and in Renewablessegment amounting to PLN 0.4 bn,

- reduction of deferred tax asset (non-cash nature) amounting to approx.PLN 2.5 bn was recognized in Coal Energy segment*.

Above one-offs will lower the PGE Capital Group's gross result for thesecond quarter of 2025 by approx. PLN 9.1 billion and net result byapprox. PLN 11.6 billion.

In effect, the consolidated net profit attributable to equity holders ofthe parent company for the second quarter of 2025 amounted to approx.PLN -9.61 bn (loss), i.e. PLN -4.28 per share and the consolidated netprofit attributable to equity holders of the parent company excludingimpairment of property, plant and equipment, intangible assets andright-of-use assets amounted to approx. PLN -0.61 bn (loss), i.e. PLN-0.27 per share.

Capital expenditures in the second quarter of 2025 amounted to approx.PLN 3.20 bn and estimated net debt amounted to approx. PLN -0.99 bn (netcash) as at June 30, 2025, while estimated economic net financial debt(including future payment for CO2 allowances) amounted to approx. PLN14.65 bn.

Following volumes were achieved in the second quarter of 2025:

- net electricity production: 11.43 TWh,

- electricity distribution: 9.41 TWh

- electricity sales to final off-takers: 7.73 TWh,

- heat sales: 7.45 PJ.

Average electricity wholesale price realized in the second quarter of2025 in Coal Energy*, Gas-fired Generation and District Heating segmentsjointly amounted to PLN 509 per MWh and respectively:

- PLN 509 per MWh in Coal Energy segment*,

- PLN 545 per MWh in Gas-fired Generation segment,

- PLN 480 per MWh in District Heating segment.

At the same time, the average cost of CO2 emission rights for abovementioned segments related to electricity generation amounted to PLN 294per MWh.

* In the current reporting period the Company has made a presentationadjustment - from the second quarter of 2025 Conventional Generationsegment is presented under new name Coal Energy segment.

The adjustment reflects the actual function of the segment and the nameadopted in the document Strategy of PGE Capital Group until 2035 of June12, 2025. Composition and core activities of the segment remainunchanged.

Disclaimer: Presented values are estimated and may change. Consolidatedfinancial statements of the PGE Group are still in the preparationprocess. The consolidated report for the first half of 2025 is plannedto be published on September 9, 2025.