Annual forecasts

On 17th December 2025, the Management Board of Grupa KĘTY S.A. disclosed in public a forecast of the selected financial and operating results of the Capital Group for the year 2026.

In 2026, the Management Board of Grupa Kęty S.A. expects a gradual improvement in the economic situation in Poland and on some European markets, which are the focus for the activities of the Issuer’s Capital Group. The assumption is based, among other things, on:

• the assumed GDP growths both in Poland and the EU,
• the continued decreases in interest rates in Poland,
• the continued trends increasing the demand for aluminium products in construction (higher energy efficiency of buildings, including thermal performance improvement),
• the continued support in carrying out investment projects in Poland, with the use of financing under the National Reconstruction Plan.

In effect, the Management Board of the Issuer assumes 7% growth in consolidated sales, of which:

• 9 % y/y, to PLN 3,219 million at the Aluminium Systems Segment,
• 4% y/y, to PLN 2,087 million at the Extruded Products Segment,
• 4% y/y, to PLN 1,182 million at the Extruded Packaging Segment.

In 2026 the Capital Group companies are going to continue works improving effectiveness in their areas of operation, e.g. by way of further optimisation and automation of processes.

Total operating expenditure shall reach PLN 5,039 million in 2026, and the growth rate will be by 1 p.p. lower than the estimated sales growth rate and will reach +6% y/y, of which:

• depreciation: PLN 254 million (+6%),
• costs of materials: PLN 3,184 million (+4%),
• costs of energy: PLN 180 million (-2%),
• costs of employee benefits: PLN 920 million (+9%),
• costs of third party services: PLN 454 million (+9%).

The consolidated EBITDA will reach PLN 1,112 million in 2026 and is going to be by 9% higher than expected in the year 2025, of which:

• PLN 675 million at the Aluminium Systems Segment, growth by 8% y/y,
• PLN 207 million at the Extruded Products Segment, growth by 12% y/y,
• PLN 258 million at the Flexible Products Segment, growth by 4%.

Net financial costs of 2026 were estimated at PLN 67 million, and they refer mainly to interest on loans.

Tax charges in 2026 are planned at a level close to the nominal tax rate (19%).

In effect, the estimated consolidated net profit for 2026 will be higher by 14% y/y and will reach PLN 636 million.

The estimated capital expenditure in 2026 will amount to PLN 314 million, including roughly PLN 31 million on continued projects that started in 2025. Within the carried out projects, ca. PLN 160 million will be allocated to development projects at the Aluminium Systems Segment and the Flexible Packaging Segment.

The 2026 forecast covers for the payment of dividend amounting to 85% of the consolidated net profit for the year 2025, which complies with the binding dividend policy. The recommendation of the Company Management Board in that regard will be submitted for opinion to the Supervisory Board in 2026, based on the assessment of the current and expected standing of the Issuer and its Capital Group. The final decision in this matter vests in the General Meeting.

The forecast net debt level at the end of 2026 will be PLN 1,488 million, and the net debt/EBITDA ratio will reach 1.3.

The complete text of the 2026 forecast as well as video recording and presentation from the teleconference of the Management Board are available below.

Teleconference video recording