Slides
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31 August 2026 Q2 2026 Growth Driven by International Expansion and Record Locker Deployments
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Disclaimer Disclaimer Please read the following before continuing. The following applies to this presentation, any written, oral or video presentat ion of the information by InPost S.A. a public limited liability company (société anonyme), incorporated and existing under the laws of the Grand Duchy of Luxembourg ("InPost" or the "Company") or any person on behalf of the Company, any written, oral or video presentation of information by the Company and any question-and-answer session that follows any written, oral or video presentation (collectively, the "Information"). Financial results and outlook The Information includes presented financial results for Q2 2026, of InPost S.A. and its consolidated subsidiaries. The financial results are presented in Polish Zloty (PLN). Certain figures contained in this presentation, including financial information, have had rounding adjustments made to them. Accordingly, in certain instances, the sum or percentage change of the numbers contained in this presentation may not conform exactly to the total figure given. This presentation contains an outlook for the full year 2026. The Company’s ability to meet these objectives is based on vari ous assumptions and the Company may be unable to achieve these objectives. Forward-looking statements The Information may include statements that are, or may be deemed to be, "forward -looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "targets", "may", "aims", "likely", "would", "could", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. 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Agenda Group Key Messages Poland Update International Update Financial Highlights Outlook 3
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Q2 2026 Group Key Numbers Poland UK Eurozone International: 54% of Group revenue Source: Company data Group Key Messages Revenue Split Group Growth Powered by Eurozone Strength, Tempered by UK Transformation 380.9m +16% YoY Parcel volumes Revenue PLN 4.2bn +18% YoY PLN 1.0bn +4% YoY Adjusted EBITDA Capex PLN 504m +7% YoY 4
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Group Key Messages Accelerated Rollout of the #1 APM Network 30 June 2026 LTM InPost OOH points 98,206 APMs 68,925 +15.6k Poland 29,912 +3.1k Eurozone 23,385 +8.0k UK 15,628 +4.5k PUDOs 29,281 (5.5k) Poland 2,750 (1.1k) Eurozone 22,386 (2.7k) UK 4,145 (1.7k) #1 UK # APM Network Position #1 Poland #1 France #1 Iberia #2 Italy In line with network optimisation strategy 5Source: Company data
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6 Poland Update 6
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Consistent Volume Trends, Led by International and Domestic Merchants Poland 1) All volume excluding top 5 marketplaces; Source: Company data 145.7 35.2 Q2 2025 146.6 51.4 Q2 2026 180.9 198.0 +9.5% APM To-door +1% +46% Parcel volume [m] To-door volume driven by demand from international marketplaces Robust growth from domestic merchants, particularly in the fashion and beauty segments Parcel volume [m] Q2 2025 Q2 2026 +16% Non-marketplaces1 Growth in non-marketplace channels 7
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Dense Nationwide Network Backed by Exceptional Consumer Preference Poland Continued APM expansion Q2 2025 Q2 2026 26,807 29,912 +12% APM growth +9% Lockers growth 96% of consumers receive parcels via InPost lockers % population within 7 mins walk from InPost APMs66% % population within 7 mins walk from InPost APMs – urban areas90% #1 APM network in Poland 91% send parcels via InPost lockers A Locker Around Every Corner Source: Kantar survey June 2026, Company data 8
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9 Loyal APM users 21m15m Loyalty programme users APM and to-door users 26m ~100% of Polish e- commerce population App users 17m App rating 4.9/5.0 More than half of the Polish population uses our APMs InPost Loyal Users Have the Best UX in the Market Poland #1 NPS index Source: Kantar survey June 2026, Company data 76 -2 -9 -10 -10 NPS for Parcel Lockers InPost #2 #3 #4 #5
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International Update 10
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Q2 2025 Q2 2026 77.7 101.0 +30% APM PUDO To-Door Returns Strong B2C Growth and Robust APM Adoption Eurozone Source: Company data 30% YoY B2C volume growth in Q2 2026 47% APM / OOH flow rate (up from 40% last year) Outpacing e-commerce in every Eurozone market Parcel volume [m] Strategic volume acceleration 9% Eurozone e-commerce markets growth InPost Eurozone volume growth dynamics Volume total B2C APM 30% 30% 45% 11
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Building a Trusted European Love Brand Eurozone 4.4/5 Rating on Avis Vérifiés #1 APM network across Eurozone Q2 2025 Q2 2026 40,459 45,771 +13% APM growth +52% APM PUDO Lockers growth +35% France Italy Belgium and Luxembourg Netherlands Iberia Mondial Relay #2 #3 #4 #5 #6 InPost #1 InPost #2 InPost #1 InPost #1 A year ago Now A year ago Now NPS and APM network awareness #1 Mondial Relay Mobile app downloads 10m (+82% YoY) Growing APM and mobile app users base Top 50 Mondial Relay among the most valuable French brands 1 #1 12Source: 1) Kantar BrandZ ranking in April 2026, Company data
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Focus on B2C and OOH/APM service +16% UK Parcel Volume [m] B2C C2C Q2 2025 Q2 2026 70.8 81.8 61% share of B2C in volume+27% +1% InPost UK transformation on track ✓ In July 2026 Yodel was rebranded to InPost, bringing UK operations under a single brand 13Source: Company data Mobile app downloads 8m 4.9/5 4.7/5 Trustpilot scoreQ2 2025 Q2 2026 70.8 81.8 +16% APM PUDO To-Door Returns +29% YoY volumes in APM & Returns
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Largest OOH Network in the UK UK #1 APM Network Footprint Secured Q2 2025 Q2 2026 16,962 19,773 +17% -29% APM PUDO +41% 15,628 Unmatched APM Leader Number of APMs (#) InPost Amazon DPD Royal Mail +80 weekly APM deployment in Q2 Users in top 3 UK cities within a 7-minute walking distance to InPost 75% Own Open network >77% B2C parcels delivered D+1 >97% B2C parcels delivered D+2 14Source: Company data
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Financial Highlights 15
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Financial highlights 16 Summary of Group Performance 1) Adjustments are presented on slide 31 2) Leverage calculated based on Last Twelve Months Adjusted EBITDA 3) M&A expenses not included Source: Company data. PLN m, unless otherwise stated Q2 2026 Q2 2025 YoY H1 2026 H1 2025 YoY Parcel volumes (million) 380.9 329.4 16% 740.0 601.1 23% Revenue 4,177.6 3,533.4 18.2% 8,040.0 6,485.3 24.0% EBITDA 980.6 910.0 7.8% 1,828.5 1,817.4 0.6% EBITDA margin 23.5% 25.8% (230bps) 22.7% 28.0% (530bps) Adjusted EBITDA1 1,043.3 999.5 4.4% 1,945.5 1,939.7 0.3% Adjusted EBITDA margin 25.0% 28.3% (330bps) 24.2% 29.9% (570bps) Operating Profit (EBIT) 313.0 381.7 (18.0%) 522.2 843.4 (38.1%) Operating Profit margin 7.5% 10.8% (330bps) 6.5% 13.0% (650bps) Adjusted EBIT 403.4 499.8 (19.3%) 694.0 1,021.9 (32.1%) Adjusted EBIT margin 9.7% 14.1% (450bps) 8.6% 15.8% (710bps) Net profit 93.0 133.3 (30.2%) 201.1 317.0 (36.6%) Net profit margin 2.2% 3.8% (150bps) 2.5% 4.9% (240bps) Adjusted Net profit 132.9 266.2 (50.1%) 204.8 604.3 (66.1%) Adjusted Net profit margin 3.2% 7.5% (440bps) 2.5% 9.3% (680bps) CAPEX 503.8 471.0 7.0% 863.7 811.6 6.4% % of revenue 12.1% 13.3% (130bps) 10.7% 12.5% (180bps) Net Leverage2 2.5x 2.1x 0.4x 2.5x 2.1x 0.4x FCF Group3, of which: (131.4) (9.2) n/a (541.3) 54.2 n/a FCF Poland 335.5 476.9 (29.6%) 611.3 650.8 (6.1%) FCF International (414.6) (458.0) n/a (1,052.1) (538.5) n/a
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Financial highlights 17 Summary of Segments Results 1) Adjustments are presented on slide 31 2) H1 2025 includes Yodel from April 2025; growth is not organic. Source: Company data. PLN m unless otherwise specified Q2 2026 Q2 2025 YoY H1 2026 H1 2025 YoY Parcel volume (m) 380.9 329.4 16% 740.0 601.1 23% Poland 198.0 180.9 9% 386.1 355.1 9% Eurozone 101.0 77.7 30% 195.2 151.2 29% UK + Ireland 81.8 70.8 16% 158.7 94.8 67% Segment Revenue 4,177.6 3,533.4 18.2% 8,040.0 6,485.3 24.0% Poland 1,908.6 1,694.0 12.7% 3,712.9 3,346.1 11.0% Eurozone 1,221.0 885.2 37.9% 2,331.4 1,755.9 32.8% UK + Ireland 1,048.0 954.2 9.8% 1,995.7 1,383.3 44.3% Adjusted EBITDA1 1,043.3 999.5 4.4% 1,945.5 1,939.7 0.3% Poland 864.0 834.4 3.5% 1,713.4 1,625.5 5.4% Eurozone 202.5 144.8 39.8% 352.4 262.2 34.4% UK + Ireland 29.1 48.4 (39.9%) (19.8) 110.1 n/a Group costs (52.3) (28.1) 86.1% (100.5) (58.1) 73.0% Adjusted EBITDA Margin 25.0% 28.3% (330bps) 24.2% 29.9% (570bps) Poland 45.3% 49.3% (400bps) 46.1% 48.6% (240bps) Eurozone 16.6% 16.4% 20bps 15.1% 14.9% 20bps UK + Ireland 2.8% 5.1% (230bps) (1.0%) 8.0% (900bps)
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H1 2025 H1 2026 1,625.5 1,713.4 +5% 834.4 864.0 Q2 2025 Q2 2026 +4% Financial highlights 18 Strong top-line growth; EBITDA margin dilutes on product mix and investment in new projects Revenue [PLN m]Parcel volume [m] Adjusted EBITDA & Margin [PLN m or %] Source: Company data. Poland 145.7 35.2 Q2 2025 146.6 51.4 Q2 2026 180.9 198.0 +9% APM volume To-door volume 288.9 66.3 H1 2025 288.2 97.9 H1 2026 355.1 386.1 +9% +1% +46% 0% +48% 393.4 588.9 1,275.5 25.1 Q2 2025 1,307.8 11.9 Q2 2026 1,694.0 1,908.6 +13% APM To-door Other +3% +50% 748.2 2,533.8 64.1 H1 2025 2,574.3 1,069.3 69.3 H1 2026 3,346.1 3,712.9 +11% +2% +43% 49.3% 45.3% 48.6% 46.1% Adjusted EBITDA Adjusted EBITDA margin Q2 2026 highlights 1. Volume growth driven by international marketplaces mainly in to-door segment 2. Revenue growth faster than volume driven by positive price effect on APMs slightly offset by volume mix 3. Lower YoY profitability due to product mix change and investments in new projects
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262.2 352.4 H1 2025 H1 2026 +34% 144.8 202.5 Q2 2025 Q2 2026 +40% 16.4% 16.6% Financial highlights 19 Strong growth across volume, revenue and EBITDA, with margin resilient despite the to-door mix shift Revenue [PLN m]Parcel volume [m] Adjusted EBITDA & Margin [PLN m or %] Source: Company data. Eurozone Q2 2025 Q2 2026 77.7 101.0 +30% H1 2025 H1 2026 151.2 195.2 +29% 885.2 Q2 2025 Q2 2026 1,221.0 +38% H1 2025 H1 2026 1,755.9 2,331.4 +33% 14.9% 15.1% Adjusted EBITDA margin Adjusted EBITDA Q2 2026 highlights 3. Adjusted EBITDA margin flat YoY, as scale benefits and disciplined SG&A management were partially offset by the dilutive impact of increased to-door operations 1. Volume growth outpaced the e- commerce market, driven by strong B2C performance (+30% YoY) and continued APM adoption 2. Revenue growth outpaced volume growth, driven by repricing in OOH and a growing share of to-door volume 19
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Revenue [PLN m]Parcel volume [m] Financial highlights 20 Volume and revenue scale further, EBITDA margin declines through the UK parcel transformation Adjusted EBITDA & Margin [PLN m] Source: Company data. UK+Ireland 110.1 -19.8 H1 2025 H1 2026 48.4 29.1 Q2 2025 Q2 2026 -40% 5.1% 2.8% Adjusted EBITDA margin Adjusted EBITDA 8.0% -1.0% Q2 2025 Q2 2026 70.8 81.8 +16% H1 2025 H1 2026 94.8 158.7 +67% 210.6 227.3 743.6 820.7 Q2 2025 Q2 2026 954.2 1,048.0 +10% 418.1 436.6 965.2 H1 2025 1,559.1 H1 2026 1,383.3 1,995.7 +44% UK Parcel InPost Distribution +12% +48% PLN GBP Q2 2026 highlights 1. UK volume growth was driven by B2C (+27% YoY) and continued APM adoption (+29% YoY) 2. UK parcel revenue slower than volume growth, due to a decline in revenue per parcel and mix 3. Adjusted EBITDA improved significantly vs. Q1, (PLN -49m) and declined YoY — reflecting the UK's parcel transformation process 20
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H1 2026 H1 2025 Diff. Change Adjusted EBITDA 1,945.5 1,939.7 5.8 0.3% Margin % 24.2% 29.9% (570bps) Incentive programmes set up by shareholders (32.1) (33.2) 1.1 (3.3%) Incentive programmes set up by Group (22.9) (38.6) 15.7 (40.7%) Restructuring costs (39.8) (43.2) 3.4 (7.9%) M&A and corporate transactions (22.2) (7.3) (14.9) 204.1% Operating EBITDA 1,828.5 1,817.4 11.1 0.6% Margin % 22.7% 28.0% (530bps) IFRS16 RoU amortisation (892.2) (645.2) (247.0) 38.3% Other intangibles amortisation (152.8) (110.8) (42.0) 37.9% PPE depreciation (261.3) (218.0) (43.3) 19.9% EBIT 522.2 843.4 (321.2) (38.1%) Margin % 6.5% 13.0% (650bps) Adjusted EBIT 694.0 1,021.9 (327.9) (32.1%) Margin % 8.6% 15.8% (710bps) Net financial cost (109.8) (346.8) 237.0 (68.3%) of which: interest expense (246.0) (207.0) (39.0) 18.8% of which: unrealised FX gains/(losses) 131.3 (121.6) 252.9 n/a of which: other 4.9 (18.2) 23.1 n/a Share of result from associates 4.6 1.4 3.2 228.6% Income tax (215.9) (181.0) (34.9) 19.3% Net profit from continuing operations 201.1 317.0 (115.9) (36.6%) Margin % 2.5% 4.9% (240bps) Adjusted Net Profit 204.8 604.3 (399.5) (66.1%) Margin % 2.5% 9.3% (680bps) Financial highlights 21 Adjusted EBITDA to Adjusted Net Profit 3 1 Lower costs reflecting the current expected LTIP performance and its direct impact on recognised costs Growth driven primarily by Yodel consolidation, network scale (APM land, depot leases) and the automatization of operations Adjusted EBITDA and Adjusted EBIT difference comes from D&A excluding customer relationship amortization, higher YoY due to Yodel consolidation. Unrealised gains and losses are driven by strengthening of EUR vs. PLN and arise from FX translation differences of PLN denominated debt consolidated on Luxembourg Parent Company level 2 4 1 2 4 4 3 21Source: Company data.
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1) M&A expenses not included; Source: Company data. Financial highlights Strong FCF in Poland Reinvested into International Expansion POLAND PLN million PLN million H1 2026H1 2025 POLAND INTERNATIONAL GROUP GROUP 862.8 611.3 -541.3 850.6 251.5 332.6 728.9 Adjusted EBITDA PL Income Tax, Leases, Change in NWC and maintenance Capex Cash Flow pre- Expansion Capex PL Expansion Capex PL H1 2026 FCF PL Adjusted EBITDA INT Leases, Change in NWC, Tax 593.4 Capex INT 62.4 Adjusted cash cost and FX effects 100.5 Group costs FCF Group1 1,713.4 650.8 54.2 Group Adjusted EBITDA FCF Poland FCF Group 1,939.7 40% PL Adjusted EBITDA conversion 36% PL Adjusted EBITDA conversion 22
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PLN million, unless otherwise stated 6M 2026 12M 2025 Difference % change (+) Gross debt 10,710.7 10,053.3 657.4 6.5% Borrowings & financial instruments at amortised cost 6,851.2 6,255.2 596.0 9.5% Depots and APM locations IFRS16 lease liabilities 3,172.8 3,026.5 146.3 4.8% Other IFRS161 686.7 771.6 (84.9) (11.0%) (-) Interest Rate SWAP 23.1 38.7 (15.6) (40.3%) (-) Cash (613.3) (949.3) 336.0 (35.4%) Net debt 10,120.5 9,142.7 977.8 10.7% Adjusted EBITDA LTM2 4,104.4 4,098.6 5.8 0.1% Net Leverage (Actual)3 2.5x 2.2x 0.3x Higher net debt due to negative FCF and interest payments Reflecting the combined effect of lower cash balances, higher gross debt, and broadly flat LTM Adjusted EBITDA 1 Financial highlights Financial discipline with net leverage at 2.5x 1) Other IFRS16 liabilities including transportation fleet and office leases; 2) LTM – Last Twelve Months; 3) Leverage calculated based on Last Twelve Months Adjusted EBITDA; Source: Company data. 1 2 2 Source: Company data. 23
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Outlook 24
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Group volume We expect InPost to increase market share and we expect YoY Group volume in the mid teens level, coming from a mix of: i) mid single-digit volume growth in Poland, ii) high 20s InPost volume growth in Eurozone markets, iii) low 30s InPost volume growth in the UK. Group revenue We expect YoY Group revenue to grow in the mid-teens. Adjusted EBITDA We expect Group Adjusted EBITDA decline by mid-single digit. Group Adjusted EBITDA margin at mid 20s as a combination of: i) Poland at low to mid 40s level, on the back of investments in new services as well as in pricing/volume, ii) continued slight increase in Eurozone, with higher margins from OOH to be partly offset by expanding to-door offering, iii) in the UK & Ireland adjusted EBITDA margin to stay at similar level yoy due to transformation timeline phasing. Network We plan to accelerate deployment to c. 19,000 APMs across all markets. This includes ~3,000 APMs in Poland, ~11,000 APMs in Eurozone, ~5,000 APMs in the UK. CAPEX and FCF Capex of PLN c. 2.1 billion, with c. 60% allocated for APM production and deployment. Higher YoY capex combined with lower adjusted EBITDA should result in negative FCF at the year end and ND/EBITDA higher yoy. Q3 2026 trading update At the Group level, for Q3 2026 we anticipate YoY volume growth in the low-single-digit percentage range. In Poland, we expect flat volume dynamics, mainly reflecting the impact of changes to EU customs fees on international marketplace volumes. Internationally, we forecast mid-single digit YoY growth in InPost volumes, with growth moderated by changes to EU customs fees in the Eurozone and a higher comparable base in the UK. As previously announced, FedEx and InPost have been negotiating an arm’s length commercial agreement. In September, InPost plans to launch last mile services for FedEx in the UK and Poland as part of an initial pilot phase pursuant to this agreement. Outlook for FY 2026 (revised) Revision regarding volume, Adjusted EBITDA growth, capex spend and net leverage 25
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Thank you! Contact for Investors Investor Relations ir@inpost.eu 26
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Appendix 27
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Appendix Definitions and numerical reconciliations of Alternative Performance Measures (1/2) PLN m, unless otherwise stated H1 2026 H1 2025 Q2 2026 Q2 2025 Net profit/(loss) from continuing operations 201.1 317.0 93.0 133.3 Income tax 215.9 181.0 116.0 120.6 Profit/(loss) from continuing operations before tax 417.0 498.0 209.0 253.9 adjusted by: Net financial costs 109.8 346.8 103.0 129.5 Depreciation 1,306.3 974.0 667.6 528.1 Share of result from associates (4.6) (1.4) 1.0 (1.7) Operating EBITDA 1,828.5 1,817.4 980.6 910.0 Incentive programmes set up by shareholders 32.1 33.2 16.1 16.6 Incentive programmes set up by Group 22.9 38.6 10.7 24.2 M&A and corporate transactions 22.2 7.3 21.0 7.3 Restructuring costs 39.8 43.2 14.9 41.4 Adjusted EBITDA 1,945.5 1,939.7 1,043.3 999.5 Depreciation and amortisation (1,306.3) (974.0) (667.6) (528.1) Elimination of amortisation of trademarks and customer relationship acquired through subsidiary acquisition 54.8 56.2 27.7 28.5 Adjusted EBIT 694.0 1,021.9 403.4 499.8 Net financial cost (109.8) (346.8) (103.0) (129.5) Adjustment on the FX on revaluation (149.7) 123.2 (39.3) 22.1 Share of result from associates 4.6 1.4 (1.0) 1.7 Adjusted Profit before tax 439.1 799.7 260.1 394.1 Income tax (215.9) (181.0) (116.0) (120.6) Tax effect of the above adjustments (18.4) (14.4) (11.2) (7.3) Adjusted Net profit 204.8 604.3 132.9 266.2 More information about Alternative Performance Measures can be found in Note 4.1. of the Semiannual Financial Statement for the period of 6 months ended on 30 June 2026; Source: Company data. Adjusted EBITDA facilitates the comparison of the Group’s operating results from period to period and between segments by removing the impact of, among other things, its capital structure, asset base and tax consequences and one-off and non-cash costs not related to its day-to- day operations. Adjusted EBITDA is defined as operating EBITDA adjusted for non -cash (share-based payments) such as incentive programmes set up by Shareholder and by Group, and one-off costs (mainly Restructuring, Merger and Acquisition costs). Restructuring costs refer to the legal and advisory costs of the standardisation of operating, administration, and business processes of acquired companies to align them with group standards. Merger and Acquisition costs include all legal and advisory costs incurred by the Group in connection with actual and potential projects in corporate finance. Adjusted EBIT is defined as the Adjusted EBITDA less depreciation and amortisation adjusted for elimination of amortisation of trademarks and customer relationship acquired through subsidiary acquisition. In Management opinion elimination of amortisation of intangibles identified during purchase price allocation allows to eliminate the costs of assets which cannot be recreated at any point in the future of the group. Operating EBITDA facilitates the comparison of the Group’s operating results from period to period and between segments by removing the impact of, among other things, its capital structure, asset base, and tax consequences. Operating EBITDA is defined as net profit (loss) from continuing operations adjusted for income tax (expense) benefit, (Gain) loss on revaluation of previously owned shares in acquired entities, share of results from associates accounted for using the equity method, net financial costs (finance costs net -off finance income), as well as depreciation and amortisation. Adjusted Profit before tax is defined as the Adjusted EBIT adjusted back for net financial costs, share of results from associates, accounted for using the equity method and adjustment on the FX on revaluation related to debt denominated in PLN valuated in EUR on InPost S.A. level. Adjusted Net profit is defined as the Adjusted EBIT adjusted back for net financial costs, share of results from associates, accounted for using the equity method and adjustment on the FX on revaluation related to debt denominated in PLN valuated in EUR on InPost S.A. level and the tax effects of these adjustments. 28
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Appendix Definitions and numerical reconciliations of Alternative Performance Measures (2/2) PLN m, unless otherwise stated H1 2026 H1 2025 Q2 2026 Q2 2025 Total CAPEX 863.7 811.6 503.8 471.0 Purchase of property, plant and equipment 653.7 661.2 415.1 371.8 Purchase of intangible assets 210.0 150.4 88.7 99.2 Revenue 8,040.0 6,485.3 4,177.6 3,533.4 Operating EBITDA 1,828.5 1,817.4 980.6 910.0 Operating EBITDA margin 22.7% 28.0% 23.5% 25.8% Adjusted EBITDA 1,945.5 1,939.7 1,043.3 999.5 Adjusted EBITDA margin 24.2% 29.9% 25.0% 28.3% Adjusted EBIT 694.0 1,021.9 403.4 499.8 Adjusted EBIT margin 8.6% 15.8% 9.7% 14.1% Adjusted Net profit 204.8 604.3 132.9 266.2 Adjusted Net profit margin 2.5% 9.3% 3.2% 7.5% Capex is defined as the total of Purchase of property, plant, and equipment and Purchase of intangible assets, presented in the Statement of cash flows. This measure is used to assess the total amount of cash outflows invested in the Group’s non-current assets. Operating EBITDA Margin is defined as Operating EBITDA divided by the total of Revenue. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by the total of Revenue. Adjusted EBIT Margin is defined as Adjusted EBIT divided by the total of Revenue. Adjusted Net profit Margin is defined as Adjusted Net profit divided by the total of Revenue. Free Cash Flow (FCF) presents the group's cash flow generation, calculated as net cash from operating activities adjusted for interest and commissions paid less Purchase of property, plant and equipment, Purchase of intangible assets and Payment of principal portion of the lease liability. Net leverage1 The Group monitors capital using a leverage ratio, which is a ratio of Net debt to Adjusted EBITDA for the last twelve months. Net debt is defined and calculated as the total of Borrowings, and Other Financial Liabilities less Cash and Cash equivalents and interest rate SWAP. Leverage ratio is monitored four times a year, which includes an analysis of the cost of capital and respective risks associated with each source of the capital. 1) More information about Alternative Performance Measures can be found in Note 4.1. of the Semiannual Financial Statement for the period of 6 months ended on 30 June 2026; Source: Company data. 29
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Financial highlights Poland delivers strong FCF — Group impacted by international expansion and integration POLAND PLN million PLN million Q2 2026Q2 2025 POLAND INTERNATIONAL GROUP 864.0 473.8 335.5 -131.4 390.2 138.3 231.6 244.7 Adjusted EBITDA PL Change in NWC, Income Tax, Leases, maintenance Capex Cash Flow pre- Expansion Capex PL Expansion Capex PL Q2 2026 FCF PL Adjusted EBITDA INT Change in NWC, Income Tax, Lease Payments INT Capex INT 40.3 Adjusted cash cost and FX effects 52.3 Group costs FCF Group 361.2 999.5 476.9 -9.2 Group Adjusted EBITDA FCF Poland FCF Group 57% PL Adjusted EBITDA conversion 39% PL Adjusted EBITDA conversion 1) M&A expenses not included; Source: Company data. 30
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Q2 2026 Q2 2025 Diff. Change Adjusted EBITDA 1,043.3 999.5 43.8 4.4% Margin % 25.0% 28.3% (330bps) Incentive programmes set up by Shareholders (16.1) (16.6) 0.5 (3.0%) Incentive programmes set up by Group (10.7) (24.2) 13.5 (55.8%) Restructuring costs (14.9) (41.4) 26.5 (64.0%) M&A and corporate transactions (21.0) (7.3) (13.7) 187.7% Operating EBITDA 980.6 910.0 70.6 7.8% Margin % 23.5% 25.8% (230bps) IFRS16 RoU amortisation (451.3) (351.6) (99.7) 28.4% Other intangibles amortisation (84.4) (66.6) (17.8) 26.7% PPE depreciation (131.9) (109.9) (22.0) 20.0% EBIT 313.0 381.7 (68.7) (18.0%) Margin % 7.5% 10.8% (330bps) Adjusted EBIT 403.4 499.8 (96.4) (19.3%) Margin % 9.7% 14.1% (450bps) Net financial cost (103.0) (129.5) 26.5 (20.5%) of which: interest expense (122.3) (101.8) (20.5) 20.1% of which: unrealised FX gains/(losses) 39.7 (14.0) 53.7 n/a of which: other (20.4) (13.7) (6.7) 48.9% Share of result from associates (1.0) 1.7 (2.7) n/a Income tax (116.0) (120.6) 4.6 (3.8%) Net profit from continuing operations 93.0 133.3 (40.3) (30.2%) Margin % 2.2% 3.8% (150bps) Adjusted Net Profit 132.9 266.2 (133.3) (50.1%) Margin % 3.2% 7.5% (440bps) Financial highlights Adjusted EBITDA to Adjusted Net Profit 2 4 1 Incentive programmes set up by shareholders: MIP and Earn-Out (non-cash impact on Group results) Costs mainly relate to one-off UK restructuring and integration costs Growth driven primarily by Yodel consolidation, network scale (APM land, depot leases) and the automation of operations Adjusted EBITDA and Adjusted EBIT difference comes from D&A excluding customer relationship amortisation, higher due to Yodel consolidation Unrealised gains and losses are driven by strengthening of EUR and GBP vs. PLN and arise from FX translation differences of PLN denominated debt consolidated on Luxembourg Parent Company level 2 3 4 1 3 5 5 4 Source: Company data. 31
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Appendix Profit and Loss and Other Comprehensive Income Statement PLN m, unless otherwise specified H1 2026 H1 2025 Q2 2026 Q2 2025 Revenue 8,040.0 6,485.3 4,177.6 3,533.4 Cost of sales (6,446.0) (4,652.1) (3,392.4) (2,674.8) Gross profit 1,594.0 1,833.2 785.2 858.6 General & administrative expenses (893.1) (815.6) (386.7) (394.3) Selling & marketing expenses (161.0) (162.1) (77.6) (78.0) Impairment gain/(loss) on trade and other receivables (17.7) (12.1) (7.9) (4.6) Operating profit 522.2 843.4 313.0 381.7 Finance income 148.1 38.5 23.4 34.8 Finance costs (257.9) (385.3) (126.4) (164.3) Share of results from associates accounted for using the equity method 4.6 1.4 (1.0) 1.7 Profit before tax 417.0 498.0 209.0 253.9 Income tax expense (215.9) (181.0) (116.0) (120.6) Net profit from continuing operations 201.1 317.0 93.0 133.3 Net profit 201.1 317.0 93.0 133.3 Other comprehensive income - item that may be reclassified to profit or loss Exchange diff. from translation of foreign operations, net of tax (92.5) 48.0 (25.6) (6.8) Share of other comprehensive income/ (loss) of associates accounted for using the equity method 8.2 (4.8) 7.1 (0.7) Other comprehensive income, net of tax (84.3) 43.2 (18.5) (7.4) Total comprehensive income 116.8 360.2 74.5 125.9 Net profit (loss) attributable to: 201.1 317.0 93.0 133.3 Shareholders of InPost 210.2 323.4 95.6 139.7 Non-controlling interest (9.1) (6.4) (2.6) (6.4) Total comprehensive income, attributable to: 116.8 360.2 74.5 125.9 Shareholders of InPost 126.8 366.2 77.4 131.9 Non-controlling interest (10.0) (6.0) (2.9) (6.0) Basic earnings per share (in PLN) 0.42 0.65 0.19 0.28 Diluted earnings per share (in PLN) 0.42 0.65 0.19 0.28 Source: Company data. 32
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Appendix Cash Flow Statement Source: Company data. PLN m, unless otherwise specified H1 2026 H1 2025 Q2 2026 Q2 2025 Cash flows from operating activities Net profit 201.1 317.0 93.0 133.3 Adjustments: 1,682.0 1,595.9 910.0 829.2 Income tax expense 215.9 181.0 116.0 120.6 Financial cost/(income) 104.3 351.1 100.6 133.8 (Gain)/ loss on sale of property, plant and equipment - (0.6) - (0.6) Depreciation and amortisation 1,306.3 974.0 667.6 528.1 Impairment losses 5.2 20.5 (3.3) 12.3 Group settled share-based payments 54.9 71.3 28.1 36.7 Share of results of associates (4.6) (1.4) 1.0 (1.7) Changes in working capital: (274.1) (96.6) (59.9) (88.5) Trade and other receivables (296.4) 37.3 (271.5) (21.4) Inventories (3.4) (0.9) (1.7) (2.1) Other assets (30.3) (52.4) (24.7) (34.8) Trade payables and other payables 64.4 (198.0) 276.0 (168.2) Employee benefits, provisions and contract liabilities (30.7) 88.1 (44.6) 89.4 Other liabilities 22.3 29.3 6.6 48.6 Cash generated from operating activities 1,609.0 1,816.3 943.1 874.0 Interest and commissions paid (255.6) (177.9) (131.7) (42.4) Income tax paid (401.5) (319.7) (87.7) (70.9) Net cash from operating activities 951.9 1,318.7 723.7 760.7 Cash flows from investing activities Purchase of property, plant and equipment (653.7) (661.2) (415.1) (371.8) Purchase of intangible assets (210.0) (150.4) (88.7) (99.2) Proceeds from financial instruments - 82.1 (0.8) 4.0 Acquisition of a subsidiary, net of cash acquired (2.5) (14.1) - 5.8 Loans granted (7.1) (394.0) (3.4) (35.5) Net cash from investing activities (873.3) (1,137.6) (508.0) (496.7) Cash flows from financing activities Proceeds from borrowings 1,091.6 3,105.8 618.8 659.9 Repayment of principal portion of borrowings (581.5) (2,517.6) (301.8) (144.6) Payment of principal of lease liability (885.1) (630.8) (483.0) (341.3) Acquisition of treasury shares (40.3) (23.6) (40.3) (23.6) Net cash from financing activities (415.3) (66.2) (206.3) 150.4 Net change in cash and cash equivalents (336.7) 114.9 9.4 414.4 Cash and cash equivalents at the start of the reporting period 949.3 772.3 603.8 472.5 Effect of movements in exchange rates 0.7 (1.8) 0.1 (1.5) Cash and cash equivalents as of 30 June 613.3 885.4 613.3 885.4 33
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Appendix Balance Sheet Statement PLN m, unless otherwise specified 30.06.2026 31.12.2025 Goodwill 2,082.9 2,040.1 Intangible assets 1,835.9 1,760.7 Property, plant and equipment 5,426.3 4,888.8 Right of use assets 3,891.4 3,845.6 Long term financial assets 101.5 100.8 Long term investments in associates 101.4 93.8 Long term other receivables 54.1 47.3 Deferred tax assets 277.8 281.4 Long term other assets 76.2 131.3 Non-current assets 13,847.5 13,189.8 Inventories 19.9 16.4 Short term financial assets 13.2 4.1 Short term trade and other receivables 2,907.4 2,624.0 Income tax receivables 6.0 7.7 Short term other assets 148.6 119.8 Cash and cash equivalents 613.3 949.3 Current assets 3,708.4 3,721.3 TOTAL ASSETS 17,555.9 16,911.1 Equity attributable to owners of InPost 3,322.1 3,180.7 Share capital 22.7 22.7 Share premium 35,122.4 35,122.4 Retained earnings/(accumulated losses) 3,454.9 3,272.7 Capital reserves (35,277.9) (35,237.1) Non-controlling interest (10.5) (0.5) Total equity 3,311.6 3,180.2 Long term borrowings 5,091.1 5,025.5 Long term employee benefits 9.8 19.5 Long term provisions 168.4 178.6 Long term government grants 1.0 1.0 Deferred tax liability 524.9 493.1 Long term lease liabilities 2,569.6 2,353.3 Total non-current liabilities 8,364.8 8,071.0 Short term trade payables and other payables 2,230.2 2,165.2 Short term borrowings 1,760.1 1,229.7 Short term employee benefits 187.6 192.3 Short term provisions 37.5 43.5 Income tax liability 36.8 258.4 Short term lease liabilities 1,289.9 1,444.8 Short term other financial instruments 23.1 38.7 Short term other liabilities 314.3 287.3 Total current liabilities 5,879.5 5,659.9 Total liabilities 14,244.3 13,730.9 TOTAL EQUITY AND LIABILITIES 17,555.9 16,911.1 Source: Company data. 34
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Appendix InPost Group out-of-home points Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Out-of-home points 83,172 88,058 89,945 94,536 94,868 98,206 of which APMs 49,808 53,295 56,757 61,196 64,680 68,925 of which Poland 25,949 26,807 27,567 28,165 28,965 29,912 of which France 7,542 8,255 8,948 10,045 10,749 11,601 of which UK 10,063 11,096 12,213 13,721 14,623 15,628 of which other markets 6,254 7,137 8,029 9,265 10,343 11,784 of which PUDOs 33,364 34,763 33,188 33,340 30,188 29,281 of which Poland 3,700 3,830 3,981 3,907 3,227 2,750 of which France 9,438 8,266 7,828 7,878 7,494 7,284 of which other markets 20,226 22,667 21,379 21,555 19,467 19,247 Source: Company data. 35
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Appendix Glossary APM Automated Parcel Machine B2C Business-to-customer C2C Customer-to-customer ETR Effective tax rate Heavy user APM user who received 13–39 APM parcels within the last 12 months KPI Key Performance Indicator L2D Locker-to-door, delivery from an APM to the address Net Leverage Calculated based on the Last Twelve Months Adjusted EBITDA OOH Out-of-home delivery PUDO Pick-Up Drop-Off points Soft user APM user who received 1–12 APM parcels within the last 12 months Super heavy user APM user who received at least 40 APM parcels within the last 12 months To-door Delivery to the address 36