Orange Polska (OPL) AGM 2025 summary

Opening remarks and agenda

• Meeting commenced with technical instructions and confirmation of remote participation and webcast availability.

• Agenda included election of chairman, validation of meeting, review of financials, management and supervisory board reports, remuneration, discharge of board members, and board elections.

Financial performance review

• Achieved 25% growth in core retail telecom revenues and 60% growth in wholesale and IT/AS revenues over the DOT Growth Strategy period.

• Offset inflation and energy cost headwinds, returned to sustainable dividend payments, and reduced CO2 emissions by 78% since 2015.

• 2024 saw significant profit, PLN 1 billion organic cash flow, and 4.6% EBITDA growth after leases.

• Over four years, revenues rose by PLN 1.2 billion, EBITDA by PLN 0.5 billion, and financial leverage halved.

• CapEx remained stable, ROCE increased fivefold, and the balance sheet strengthened.

Strategic initiatives and plans

• New strategy, Lead the Future (2025–2028), focuses on leveraging telecom and ICT, expanding 5G and fiber, and using AI for operational transformation.

• Aims to cover almost all of Poland with 5G by 2028 and maintain CapEx at 2024 levels.

• Organic cash flow target for 2028 is at least PLN 1.2 billion, with a stable dividend floor of PLN 0.53 per share.