Management Board of Energa S.A. recommendation regarding distribution of the Company's net profit for 2025

Current Report No. 24/2026

Date of preparation: 5 May 2026

Subject: Management Board of Energa S.A. recommendation regarding distribution of the Company's net profit for 2025

Legal basis: Article 17(1) of MAR - inside information

The Management Board of Energa S.A. (the "Company") on 5 May 2026 recommended to the General Meeting of Energa S.A. that the Company's net profit for the financial year 2025, amounting to PLN 289,261,752.55, be allocated in full to supplementary capital, which will result in no dividend being paid.

The above recommendation is connected with the implementation of the "Strategic Development Plan of the ENERGA Group for 2024-2030" as well as the "Multiannual Strategic Investment Plan of the ENERGA Group for 2024-2030" (MSIP).

The planned investments include, in particular, the construction of combined cycle gas turbine (CCGT) power plants in Ostrołęka and Grudziądz, the development of new renewable energy sources, the modernization and expansion of the distribution network, and the upgrade of existing generation assets. In 2025, decisions were also taken to implement additional projects, namely the construction of a second gas-fired unit in Grudziądz and a new unit in Gdańsk, both of which secured capacity market contracts starting from 2029.

Under these circumstances, retaining the Company's net profit for 2025 is justified in order to secure financing for ongoing and planned investments, as well as to maintain safe leverage ratios and an efficient cost of debt. The allocation of the net profit to supplementary capital will also reduce the Company's need for external financing.

Furthermore, the Management Board indicates that the implementation of investments provided for in the MSIP is expected to result in a significant increase in the ENERGA Group's consolidated EBITDA by 2030 compared to 2025, which, in the long term, may contribute to an increase in the Company's value.