PCC Rokit (PCR) investor relations material

Executive summary

• Revenue declined 15% year-over-year to 432.1 mln PLN, with EBITDA down 18.5% to 46.8 mln PLN and a net loss of 5.6 mln PLN, mainly due to weak demand and margin pressure in key segments.

• All main business segments experienced lower sales volumes, with only the Polyurethanes/Poliuretany segment improving EBITDA by 73% despite lower sales, driven by improved margins.

• The Group maintained operational stability through diversification, efficiency projects, and ongoing investments in energy optimization and production capacity.

Financial highlights

• Consolidated revenue for 1Q2026 was 432.1 mln PLN, down 15% from 1Q2025; EBITDA was 46.8 mln PLN, a 19% decrease year-over-year; net income for 1Q2026 was -5.6 mln PLN.

• Gross margin was 17.0% (down 0.8 p.p. y/y); EBITDA margin was 10.8% (down 0.5 p.p. y/y).

• Net cash flow for 1Q2026 was -23.4 mln PLN; operating cash flow was 33.2 mln PLN (down 33% y/y); net cash outflow from investing was -73.6 mln PLN.

• Net debt at end of 1Q2026 was 473.8 mln PLN; net debt/EBITDA ratio at 1.8x, within safe limits.

Outlook and guidance

• Market conditions remain difficult, with low demand and high supply in key segments, and external factors such as geopolitical instability, energy prices, and macroeconomic volatility may impact future results.

• Management expects continued operational cash flow generation to cover investments and debt service; investments in new production lines and energy efficiency are expected to support future competitiveness.