Title:Preliminary estimates of revenues from the sale of productsand services for Q3 and 9 months of 2025

Legal basis:Article 17(1) MAR - inside information

Content:

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 third quarter and for 9months of 2025.

1. Estimated consolidated revenues from the sale of the Company'sproducts and services in the third quarter of 2025 were PLN 5,100thousand. In the same period of the previous year, the revenues were PLN1,019 thousand. This figure does not include proceeds on account ofgrants related to the Issuer's implementation of research anddevelopment projects.

2. Estimated consolidated revenues from the sale of the Company'sproducts and services after 9 months of 2025 are PLN 10,230 thousandcompared to PLN 6,661 thousand posted in the same period last year. Thisfigure does not include proceeds on account of grants related to theIssuer's implementation of research and development projects.

In the third quarter and 9 months of 2025, the Company did not obtainany new funds from the implementation of grants. At the same time, itshould be emphasized that as a result of the settlement of subsidies toassets, it may recognize revenues from this title. Currently, theCompany is implementing two international grant projects [Current Report7/2022 of March 31, 2022 and Current Report 1/2024 of January 12, 2024].At the same time, the Company informs that it is currently involved inseveral processes related to obtaining new grants for innovativeprojects related to its operations. In the corresponding period of theprevious year, the Company also did not obtain any funds from grants.

The estimated cash balance of the Company at the end of September 2025amounted to PLN 10.4 million, which represents a decrease in cash ofapproximately PLN 5.5 million on a quarter-on-quarter basis. In Q3 2024,the Company recorded a decrease in cash of PLN 9.2 million. Over thenine months of 2025, the Company significantly reduced its operatingcosts and optimized its working capital, which has an impact on thelevel of cash. In addition, a significant portion of inflows from salesrevenue in the third quarter will be realized in the fourth quarter.Taking this into account, and the fact that historically the fourthquarter has the largest share of annual sales, this may strengthen andstabilize the Company's financial position for the next 2-3 quarters.

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.

The planned date of publication of the interim report for the thirdquarter and 9 months of 2025 is November 25, 2025.