Newag S.A.

Newag S.A. Secures Major Contract with PKP Intercity for 63 Electric Locomotives

Newag S.A., a leading Polish railway rolling stock manufacturer, has signed a significant contract with PKP Intercity S.A. for the delivery of 63 electric locomotives. The agreement, valued at an estimated net amount of PLN 1.86 billion, includes the supply of locomotives and the provision of corrective and planned maintenance services up to the P4 level. Deliveries are scheduled to take place between 2026 and 2029.

The contract also includes an option for PKP Intercity to order up to 32 additional locomotives within 30 months of the agreement's signing, which could increase the total contract value to PLN 2.81 billion. Payments for the locomotives will be made in installments based on production progress and delivery milestones, while maintenance services will be compensated proportionally as they are rendered.

Newag S.A. has committed to providing a 36-month warranty and guarantee for each locomotive, with extended coverage for specific components. The company has also submitted a performance bond worth PLN 83.08 million to ensure compliance with contractual obligations. Penalty clauses for delays or non-performance are capped at 20% of the total locomotive delivery fee and 25% of the estimated maintenance service fee, with the possibility for PKP Intercity to claim additional damages beyond these limits.

This contract underscores Newag S.A.'s strong market position and its ability to secure large-scale projects in Poland's railway sector. The deal aligns with the company's focus on fleet renewal and modernization, supported by long-term trends in rail transport and infrastructure investment.

Newag S.A. Secures PLN 75 Million Contract for Electric Locomotives

Newag S.A., a leading Polish railway rolling stock manufacturer, has signed a contract with Rail STM Sp. z o.o., based in Tychy, for the delivery of four electric locomotives. The agreement, valued at PLN 75 million net, includes additional services and stipulates delivery in 2025. Each locomotive will come with a 24-month quality guarantee, with extended warranties for specific components as outlined in the contract.

The contract also includes provisions for penalties in case of delays or improper fulfillment of obligations by either party, capped at 20% of the net contract value. Both parties retain the right to seek compensation exceeding the penalty limits. The terms of the agreement align with industry standards for such contracts.

Relevance: This contract highlights Newag S.A.'s continued success in securing significant projects, reinforcing its position as a key player in the railway manufacturing sector and aligning with its project-based business model.

Newag S.A. Secures Major Contract for Electric Multiple Units in Silesia

Newag S.A., a leading Polish railway rolling stock manufacturer, has signed a significant contract with the Silesian Voivodeship for the delivery of 22 electric multiple units (EMUs) along with additional services, including maintenance until December 12, 2035. The agreement, valued at an estimated net amount of PLN 880.9 million, includes PLN 663 million for the delivery of the EMUs and PLN 217.9 million for maintenance services. The EMUs are scheduled for delivery between 2026 and 2027, following an agreed timeline.

The contract also includes an option for the Silesian Voivodeship to order up to eight additional EMUs and extend the maintenance period for all delivered units until the completion of their second fourth-level overhaul. If the optional provisions are exercised, the total contract value could increase to PLN 1.275 billion net. The Silesian Voivodeship has up to two years to exercise the option for additional units and until December 10, 2035, to extend the maintenance services.

Newag S.A. has provided a performance bond of PLN 40.77 million to secure the proper execution of the contract, with an additional PLN 13.4 million bond to be submitted before the delivery of the EMUs for maintenance services. The agreement also includes penalties for delays, non-performance, or improper performance, capped at 30% of the total net remuneration for the EMU deliveries. Additionally, Newag will provide a 24-month quality guarantee for each EMU after the maintenance services conclude.

This contract underscores Newag S.A.'s strong market position in Poland and aligns with its business model of delivering innovative and sustainable railway solutions. The deal also highlights the company's role in supporting regional rail operators and advancing the modernization of Poland's railway infrastructure.

Newag S.A. Secures Major Contract with PKP Intercity for Dual-Drive Train Sets

Newag S.A., a leading Polish railway rolling stock manufacturer, has signed a significant contract with PKP Intercity S.A. for the delivery of 35 dual-drive train sets (ZT) along with maintenance services for a period of 10 years. The deliveries are scheduled to take place between 2027 and 2029. The total estimated value of the agreement is PLN 2.735 billion net, which includes PLN 1.977 billion for the train sets and PLN 758.5 million for maintenance services.

Under the terms of the agreement, Newag will provide a 36-month warranty and guarantee for each train set, with extended warranties for specific components. The company has also committed to a performance bond of PLN 85.1 million to ensure the proper execution of the contract. Penalties for delays or non-performance are capped at 15% of the total delivery remuneration and 20% of the maintenance service fees, with the customer retaining the right to claim damages exceeding these limits.

This contract reinforces Newag's position as a key supplier to Poland's railway sector and aligns with its strategic focus on delivering innovative and sustainable rail solutions. The deal also highlights Newag's ability to secure high-value, long-term projects, further solidifying its market presence.

Newag S.A. Secures Framework Agreement for Electric Multiple Units with Małopolska Region

Newag S.A., a leading Polish railway rolling stock manufacturer, has signed a significant framework agreement with the Małopolska Region and Koleje Małopolskie sp. z o.o., based in Kraków. The agreement outlines the terms for the supply of electric multiple units (EMUs), along with maintenance services and additional provisions, to the contracting parties. The total value of the framework agreement is capped at PLN 1.13 billion (net), allowing for the procurement of up to 25 EMUs over the next four years.

Under the agreement, the contracting parties may issue one or more executive orders based on their current needs, with the first 12 months expected to see orders for a minimum of 6 and a maximum of 14 units. Newag S.A. will provide a 5-year warranty and quality assurance for the vehicles, as well as a performance bond worth 3% of the gross value of each executive order. The agreement also includes penalty clauses for delays, substandard performance, or contract termination due to Newag's fault, with provisions for additional compensation beyond the stipulated penalties.

Importantly, the contracting parties have not entered into similar agreements with other rolling stock manufacturers, granting Newag S.A. a unique opportunity to secure orders through direct negotiations without competitive bidding processes.

Relevance to Newag S.A.: This agreement aligns with Newag's core business of designing, manufacturing, and maintaining railway rolling stock, while also reinforcing its strong market position in Poland. The deal highlights the company's ability to secure high-value contracts and leverage its expertise in the rail transport sector.

Newag S.A. Secures Contract for Seven Electric Multiple Units with Małopolska Region

Newag S.A., a leading Polish railway rolling stock manufacturer, has signed its third executive agreement under a framework contract with the Małopolska Region and Koleje Małopolskie sp. z o.o. The agreement, valued at PLN 311,064,634.15 net, entails the delivery of seven electric multiple units (EMUs) along with maintenance services ranging from P1 to P4 levels and additional provisions. The deliveries are scheduled for 2028 and 2029, with the terms aligning with the overarching framework agreement. This deal follows two prior executive agreements under the same framework, with further agreements still possible.

Relevance: This contract underscores Newag S.A.'s strong market position in Poland and its ability to secure significant regional contracts, aligning with its core business of designing, manufacturing, and maintaining railway rolling stock.

Newag S.A. Announces 2026 Financial Reporting Schedule

Newag S.A., a leading Polish railway rolling stock manufacturer, has released its schedule for periodic financial reporting in the fiscal year 2026. The company will publish its consolidated quarterly reports for Q1 and Q3 on May 22, 2026, and November 20, 2026, respectively. The consolidated semi-annual report for H1 2026 is set for release on September 18, 2026. Additionally, the annual reports for 2025, both standalone and consolidated, will be published on April 24, 2026.

In compliance with the Ministry of Finance's regulations, Newag S.A. will not issue separate standalone quarterly or semi-annual reports. Instead, these will be integrated into the consolidated reports, which will include financial summaries and auditor reviews. Furthermore, the company will not publish quarterly reports for Q4 2025 and Q2 2026, as permitted under the applicable legal framework.

Relevance: This announcement is significant as it provides stakeholders with a clear timeline for accessing Newag's financial performance, which is critical for assessing the company's progress in its project-based business model and its ability to capitalize on long-term trends in the railway sector.

Newag S.A. Board Proposes Dividend Payout and Capital Reserve Allocation for 2025 Profits

The Supervisory Board of Newag S.A. has approved the Management Board's proposal to allocate the company's net profit of PLN 326,645,289.38 for the fiscal year 2025. The proposal includes a dividend payout of PLN 135,000,003.00, equating to PLN 3 per share, and the allocation of PLN 191,645,286.38 to the company's capital reserve. The final decision on the profit distribution will be made by the Ordinary General Meeting of Shareholders.

Relevance: This decision highlights Newag S.A.'s financial stability and commitment to shareholder value while ensuring sufficient reserves for future investments and operational needs, aligning with its strategic focus on growth and innovation in the railway sector.

Newag S.A. Secures Contract for Electric Locomotives with Rail Capital Partners

Newag S.A., a leading Polish railway rolling stock manufacturer, has signed agreements with Rail Capital Partners sp. z o.o., based in Bydgoszcz, for the sale and maintenance of five electric locomotives. The contracts, valued at an estimated net amount of PLN 151.27 million, include the delivery of the locomotives in 2026 and a 10-year maintenance service agreement. The sale price of the locomotives is PLN 124.5 million net, while the maintenance services are estimated at PLN 26.77 million net, to be paid proportionally over the maintenance period based on time and mileage.

Under the agreements, Newag will provide a 60-month warranty and guarantee for the locomotives, with extended coverage for specific components as outlined in the contracts. The agreements also include provisions for contractual penalties in case of delays, improper performance, or contract termination due to Newag's fault, although these penalties are subject to certain limitations. Rail Capital Partners retains the right to claim damages exceeding the stipulated penalties if necessary.

The terms of the agreements align with industry standards for such contracts, ensuring a robust partnership between Newag and Rail Capital Partners.

Relevance: This contract highlights Newag S.A.'s strong market position in Poland and its ability to secure significant deals in the railway sector, reinforcing its role as a key player in the modernization and maintenance of rolling stock.

Newag S.A. Secures Contract for Electric Multiple Units with Pomeranian Voivodeship

Newag S.A., a leading Polish railway rolling stock manufacturer, has signed a contract with the Pomeranian Voivodeship for the delivery of two multi-unit electric multiple units (EMUs) along with additional services. The agreement, valued at PLN 80 million net, includes an option for the ordering party to procure up to ten additional EMUs, which could increase the total contract value to PLN 478.35 million net. The Pomeranian Voivodeship has until October 31, 2026, to exercise this option.

The delivery of the two EMUs under the base contract is scheduled to be completed within 42 months from the signing date. If the option for additional units is exercised, a separate delivery schedule will be agreed upon, with all deliveries to be finalized by November 30, 2029. Newag S.A. has committed to a 36-month warranty and defect liability period for each delivered EMU. Additionally, the company has provided a performance bond of PLN 3.936 million in the form of an insurance guarantee, which will increase to 4% of the total gross contract value if the option is exercised. The bond will be partially returned upon delivery and fully released after the warranty period expires.

The contract includes penalties for delays, non-performance, or improper performance of obligations, as well as for contract termination due to Newag's fault. While the penalties are capped, the ordering party retains the right to claim damages exceeding the stipulated penalties.

Relevance: This contract aligns with Newag S.A.'s core business of designing, manufacturing, and delivering railway rolling stock, reinforcing its position as a key supplier in Poland's rail transport sector.