NIS j.s.c. Novi Sad (NIIS) investor relations material

Executive summary

• Achieved positive financial results in H1 2026, with net profit of RSD 9.8 billion and EBITDA of RSD 35.1 billion, reversing the prior year's loss, despite complex macroeconomic conditions and ongoing U.S. sanctions.

• Maintained operational stability, ensured continuous supply of oil derivatives domestically, and sustained social responsibility initiatives.

• Positive operating cash flow reached RSD 16.6 billion, and total bank indebtedness was reduced to EUR 364.9 million.

• Continued investment in capital projects, with CAPEX totaling RSD 11.8 billion.

Financial highlights

• Sales revenues for H1 2026 were RSD 171.7 billion, up from RSD 145.8 billion year-over-year.

• EBITDA for H1 2026 was RSD 35.1 billion, a significant increase from RSD 10.2 billion in H1 2025.

• Net profit for H1 2026 was RSD 9.8 billion, compared to a net loss of RSD 3.6 billion in H1 2025.

• Operating cash flow rose to RSD 16.6 billion from RSD 1.7 billion year-over-year.

• Total bank indebtedness decreased to EUR 364.9 million from EUR 515.6 million a year earlier.

Outlook and guidance

• Continued focus on operational efficiency, cost optimization, and adapting to market and regulatory changes amid oil market volatility.

• Management anticipates potential impact from higher-cost oil inventories in the next quarter.

• Ongoing adaptation to sanctions and regulatory changes, with continued engagement with authorities and shareholders.