Newag (NWG) investor relations material

Executive summary

• Net sales for H1 2026 reached PLN 1,155.4m, up 36% year-over-year, with net profit at PLN 205.7m, a 59% increase.

• EBITDA rose to PLN 269.7m, up 47% year-over-year, and EPS increased to PLN 4.57 from PLN 2.88.

• The group maintained a strong order book and secured significant new contracts post-period, including a PLN 945.6m option for 32 electric locomotives for PKP Intercity and a PLN 95.8m contract for hybrid trainsets for Podlaskie.

Financial highlights

• Operating profit for H1 2026 was PLN 240.0m, up from PLN 155.0m year-over-year.

• Net cash flow from operations was negative at PLN -216.3m, with total net cash outflow of PLN -436.1m, reflecting working capital needs and dividend payout.

• Total assets at June 30, 2026, were PLN 2,114.5m, with equity at PLN 1,217.6m and book value per share at PLN 27.06.

• Dividend of PLN 3 per share (PLN 135m total) paid in June 2026.

Outlook and guidance

• Management sees a stable outlook, supported by a robust order backlog and new contracts extending deliveries into 2029.

• No indicators of going concern risk identified; liquidity and capital structure remain solid.