One-off events which impact significantly ORLEN Group results for 2025

ORLEN S.A. („Company”, „ORLEN Group”) informs that as part of the work on the consolidated financial statements for 2025 it has identified grounds and conducted tests for impairment of assets according to international accounting standards (“IAS 36”) on the basis of the macroeconomic forecasts available on 31 December 2025.

As a results of the tests carried out, the Company predicts that it will recognize new impairments of assets in the total amount of PLN (8,6) bn:

-       in Upstream & Supply segment in the amount of PLN (0,6) bn, mainly in the following companies: ORLEN and ORLEN Petrobaltic,

-       in Downstream segment in the amount of PLN (6,0) bn, mainly in the following companies: ORLEN Unipetrol - CGU Refinery, ORLEN Unipetrol - CGU Petrochemicals, Anwil - CGU Plastics;

-       in Energy segment in the amount of PLN (2,0) bn, mainly in the following companies: ORLEN Unipetrol - CGU Petrochemicals, ORLEN New Power and in Energa Group.

Impairments in the Downstream segment result from market conditions taking into account the specific characteristics of the Czech market and the challenging situation in the petrochemicals sector.

Morover the Company predicts that in unconsolidated financial statement for 2025 it will recognize impairments of shares in the amount of PLN (12,2) bn.

IAS 36 imposes an obligation to cyclical review of the current value of assets.

Impairments of assets and shares are non-cash and are not directly linked to the operating cash flow of the Company and ORLEN Group.

The abovementioned one-offs are currently being audited by the auditor and may be subject to change in the final version of the ORLEN Group consolidated financial statements for 2025.