Gielda Papierów Wartosciowych w Warszawie (GPW) AGM 2026 summary

Opening remarks and agenda

• Meeting opened at 10:00 A.M. by the CEO, with shareholders, management, and regulatory representatives present.

• Voting procedures explained, including use of tablets and secret/open ballots.

• Attendance confirmed: 57.1% of share capital and 68.13% of total shares represented.

• Agenda adopted unanimously; all draft resolutions were published in advance.

Financial performance review

• 2025 marked a record year with 40% YoY turnover growth and WIG index up 23%.

• Revenues exceeded PLN 550 million, up 19% YoY; EBITDA up 37%, net profit up 30% to PLN 200 million.

• Return on Equity reached 12%, net margin over 37%.

• Commodity market revenues grew 12%, operational costs rose 10% to PLN 375 million.

• One-off write-offs from non-core projects totaled PLN 38 million over 2024-2025, impacting net profit by PLN 10 million.

Strategic initiatives and plans

• Launched GPW IPO Academy and Bridge programs, new issuer support, and expanded ETF offerings.

• Hosted European Capital Markets Forum to foster regional cooperation.

• Renewed focus on NewConnect market and legal changes to support ETF listings.

• Strategic ambitions for revenue and cost-to-income ratio nearly met; no changes to long-term strategy despite strong results.