Stalprodukt (STP) investor relations material

Executive summary

• Revenue for H1 2026 was PLN 1,908.6m, down 3.8% year-over-year, with a net loss of PLN 24.5m, an improvement from a PLN 28.2m loss in H1 2025.

• The main driver of the loss was a sharp downturn in the Transformer Steel Sheet Segment, while the Profiles and Zinc Segments posted positive results.

• The group continued strategic investments in energy efficiency, decarbonization, and new business areas, including commercial construction and renewable energy projects.

Financial highlights

• Gross profit on sales was PLN 113.7m, down 10.4% year-over-year.

• Operating loss increased to PLN 26.4m from PLN 19.5m year-over-year.

• Net cash flow from operations was negative PLN 27.6m, and net cash flow from investing activities was negative PLN 115.9m.

• Equity at period end was PLN 3,686.6m, with total assets of PLN 4,839.2m.

• EPS was negative PLN 4.53, an improvement from negative PLN 5.22 year-over-year.

Outlook and guidance

• The company expects continued pressure from high energy and material costs, and weak demand in the steel and construction sectors.

• Management did not publish financial forecasts for the coming periods.

• The group anticipates that new EU market protection mechanisms may gradually improve market conditions.