Unimot (UNT) investor relations material

Executive summary

• Revenue reached PLN 14.8bn in 2025, up 5% year-over-year, with adjusted EBITDA at PLN 357m and net profit at PLN 9.2m, reflecting a challenging market and higher costs.

• The group advanced its multi-energy strategy, expanding in OZE, logistics, and international markets, and maintained a strong position in fuel, bitumen, and logistics segments.

• Key strategic investments included the acquisition of 60% in German rail operator RBP, expansion of the AVIA station network, and the launch of new OZE and logistics projects.

• The group maintained a robust liquidity position, with net operating cash flow of PLN 289m and significant refinancing, including early repayment of PLN 222m in loans.

Financial highlights

• Revenue: PLN 14.8bn (+5% y/y); adjusted EBITDA: PLN 357m (+16% y/y); reported EBITDA: PLN 273m (-26% y/y); net profit: PLN 9.2m (-93% y/y).

• Gross margin: 5.7%; EBITDA margin: 1.9%; net margin: 0.1%; ROE: 0.9%; ROA: 0.3%.

• Cash flow from operations: PLN 289m; investing cash flow: PLN -134m; financing cash flow: PLN -356m.

• Total assets: PLN 3.64bn (+7% y/y); equity: PLN 1.07bn (-10% y/y); net debt: PLN 1.2bn (+4% y/y).

• Dividend: PLN 6.00 per share (PLN 49.2m total), with a payout ratio of 30% of consolidated net profit.

Outlook and guidance

• The group targets EBITDA of PLN 690m and cumulative net profit of PLN 1bn by 2028, with 40% of EBITDA from transition/transformational segments.

• Strategic focus remains on OZE, logistics, and international expansion, with planned investments of PLN 700m in green energy by 2028.

• No formal financial guidance for 2026 due to market volatility and geopolitical risks.