TORPOL after 1Q26: stable results and a safe order portfolio

The TORPOL Group ended the first quarter of 2026 with PLN 334.4 million in revenue, PLN 17.1 million in EBITDA, and PLN 10.3 million in net profit. The Group also improved its gross profit margin to 7.2%, compared to 6.1% a year earlier.

At the end of March 2026, the Group’s order backlog amounted to approximately PLN 3.84 billion net, excluding consortium partners. The current backlog ensures revenues in 2026 will be similar to last year’s. The company also expects to sign a contract for the next stage of the modernization of the Warsaw East railway line, worth PLN 2.96 billion net. After this contract is signed, TORPOL’s order backlog will increase to approximately PLN 6.8–6.9 billion net, which, according to the management board, guarantees a high level of revenues for 2026–2028, consistent with the level defined in the company’s strategy for 2025–2030.

TORPOL remains active in the procurement market, but with such a strong order backlog, it will approach new tenders selectively, focusing on projects that best align with the Group’s profile and further development.

Power generation and the continued development of its subsidiary Torpol Oil & Gas remain strategic diversification directions. The Management Board highlights the potential for building competencies through alliances with partners with appropriate credentials, as well as potential acquisitions. As emphasized during the Q1 earnings conference, the Group has the resources to conduct a valuable transaction without the need to obtain additional financing.