Current reports

The Management Board of Budimex S.A. announces that on 06.11.2025 the Development Directorate of the City of Gdańsk selected the offer of the consortium consisting of Budimex S.A. (Consortium Leader 84.09% share) and KZN Rail Sp. z o. o.(Consortium Partner share 15.91%), as the most advantageous in the tender procedure for the Construction of the Ujeścisko tram depot along with the construction of a retention reservoir in Gdańsk in the design and build formula.
The information that our offer was rated the highest in the tender procedure was published on 30.09.2025 in current report No. 56/2025.
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Value of the offer submitted by the consortium: PLN 260,777,899.00 net
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Date of commencement of works: from the date of signing the contract
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Completion date: 212 weeks from the signing of the contract
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Warranty period: 60 months

Warranty period: 60 months
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Down payment: none
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Payment terms: 30 days from the date of delivery of a correctly issued VAT invoice by the Contractor to the Ordering Party
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Bank guarantee of good performance (or other collateral): 5% of the gross price

Maximum value of the contractual penalty paid by the Contractor: 20% of the gross price

Contractual penalties are not exclusive and the Ordering Party has the right to seek compensation on general terms, if the value of the damage exceeds the amount of these penalties.

Other contractual conditions do not deviate from market standards.
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The value of the consortium’s offer exceeds the threshold of PLN 182,357 thousand net.

With reference to current report no. 65/2024 of 7 November 2024, current report no. 20/2025 of 28 April 2025 and current report no. 26/2025 of 20 May 2025, the Management Board of Budimex S.A. announces that due to the ongoing survey of market interest in the option to sell shares in FBSerwis S.A., Budimex has decided to modify the schedule of the process. According to the current assessment of the Management Board, the review of strategic options should be completed by 31 January 2026.

The indicated date is an estimate and has been set in the current market and economic conditions. Budimex has decided to make the above information public due to its importance for Budimex S.A.’s operations, in particular in terms of business areas.

With reference to report No. 55/2025 of 30 September 2025, the Management Board of Budimex S.A. announces that on 17 October 2025 it learned that on 16 October 2025 the District Court for the Capital City of Warsaw, XIII Commercial Division of the National Court Register registered amendments to the Company’s Articles of Association made on the basis of Resolution No. 534 of the Extraordinary General Meeting of 30 September 2025.

§ 16 section 9 letter h of the Company’s Articles of Association concerning the duties of the Supervisory Board has been amended. The current wording of § 16 section 9 letter h of the Company’s Articles of Association is as follows:

“selecting an audit firm to audit separate and consolidated financial statements and selecting an audit firm to certify sustainability reporting in relation to the Company and the Budimex Group”.

Other provisions of the Articles of Association of Budimex S.A. have remained unchanged.

The consolidated text of the Articles of Association is included in the appendix to this report.
Articles od Association

The Management Board of Budimex SA announces that on 14.10.2025. The Contracting Authority – PKP Polskie Linie Kolejowe S.A. informed the Consortium consisting of: Budimex S.A. (Consortium Leader, 75% share), Budimex Kolejnictwo S.A. (Consortium Partner, 5% share), Ferrovial Construction (UK) Limited (Consortium Partner, 20% share), that their bid was evaluated the highest in the tender procedure: Design (in the field of the SRC industry) and comprehensive execution of construction works on the railway line No. 622 on the section F+J Podłęże R401 – Gdów / Podłęże R301 – Podłęże Balachówka as part of the project entitled: “Construction of a new railway line Podłęże – Szczyrzyc – Tymbark/Mszana Dolna and modernization of the existing railway line No. 104 Chabówka – Nowy Sącz – Stage II”.

The above does not mean that the Consortium’s bid was selected as the most advantageous, as the bid evaluation procedure has not been finalized.

Offer value: PLN 2,592,999,232.00 net, including:

Basic range: PLN 2,281,527,492.87 net

Conditional amount: PLN 306,521,739.13 net

Interface option: PLN 4,950,000.00 net

Date of commencement of works: day after signing the Agreement

Date of completion of works: 38 months from the date of conclusion of the Agreement

Warranty period: 72 months

Warranty period: 72 months

Payment terms: 30 days from the date of delivery of a correctly issued VAT invoice by the Contractor to the Ordering Party

Bank guarantee of good performance: 5% of the gross price for the Basic Range specified in the offer reduced by the Conditional Remuneration

Maximum value of the contractual penalty paid by the Contractor: 30% of the Contracted Contract Amount

The parties reserve the right to claim supplementary damages, transferring the amount of the reserved contractual penalties to the amount of the actual damage suffered.

Other contractual conditions do not deviate from market standards.

The value of the offer exceeds the threshold of 182,357 thousand net.

With reference to current report no. 35/2025 of 18.06.2025. and current report no. 53/2025 of 25.09.2025, the Management Board of Budimex S.A. announces that on 6 October 2025, the Gas Transmission Operator GAZ-SYSTEM S.A. re-selected the most advantageous bid submitted by Budimex S.A. in the tender procedure entitled General implementation of the Investment under the name “Construction of the Lwówek Gas Compressor Station. Stage I”.

The Management Board of Budimex S.A. announces that on 6.10.2025 an agreement was concluded between the Consortium consisting of: Budimex S.A. (Consortium Leader, 45% share), Budimex Kolejnictwo S.A.(Consortium Partner, 5% share), Gülermak S.A. (Consortium Partner, 50% share), and the Contracting Authority – PKP Polskie Linie Kolejowe S.A. for the Design (in the scope of the SRC industry) and comprehensive execution of construction works on the railway line No. 622 on the section H Szczyrzyc – Tymbark as part of the Project entitled: “Construction of a new railway line Podłęże – Szczyrzyc – Tymbark/Mszana Dolna and modernization of the existing railway line No. 104 Chabówka – Nowy Sącz – Stage II”

The information that our offer was rated the highest in the tender procedure was published on 16.05.2025. in current report no. 24/2025 corrected on 19.05.2025 by report 24/2025-K and selected as the most advantageous was published on 09.07.2025 in current report no. 39/2025.

Contract value: PLN 1,693,354,580.60 net, including:
Basic scope: PLN 1,690,854,580.60 net, including Conditional Remuneration PLN 280,434,782.61 net
Interface option: PLN 2,500,000.00 net
Date of commencement of works: the day after signing the contract
Deadline for completion of works: 54 months from the date of conclusion of the contract
Warranty period: 72 months
Warranty period: 72 months
Advance payment: in the amount of 10% of the net salary
Payment terms: 30 days from the date of delivery of a correctly issued VAT invoice by the Contractor to the Ordering Party
Bank guarantee of good performance: 5% of the gross price for the Basic Range specified in the offer reduced by the Conditional Remuneration
Maximum value of the contractual penalty paid by the Contractor: 30% of the Contracted Contract Amount

The parties reserve the right to claim supplementary damages, transferring the amount of the reserved contractual penalties to the amount of the actual damage suffered.
Other contractual conditions do not deviate from market standards.

The value of the contract exceeds the threshold of 182,357 thousand net.

Shareholders holding at least 5% of votes at the Extraordinary General Meeting of Budimex S.A. held on 30 September 2025

1. Shareholder ALLANZ POLSKA OTWARTY FUNDUSZ EMERYTALNY,
Inflancka 4b, 00-189 Warsaw, PL.
Number of votes: 2,049,486.
Percentage share in the number of votes at the EGM of 30.09.2025 9.96%.
Percentage share in the total number of votes 8.03%.

2. Shareholder NATIONALENEDERLANDEN OTWARTY FUNDUSZ EMERYTALNY,

Topiel 12, 00-342 Warsaw, PL.
Number of votes: 2,132,000.
Percentage share in the number of votes at the EGM of 30.09.2025 10.36%.
Percentage share in the total number of votes 8.35%.

3. Shareholder FERROVIAL CONSTRUCTION INTERNATIONAL SE
Gustav Mahlerplein 61/14th floor AMSTERDAM,1082MS NL.
Number of votes: 12,801,654.
Percentage share in the number of votes at the EGM of 30.09.2025: 62.22%.
Percentage share in the total number of votes 50.14%.

The Management Board of Budimex S.A. announces that on 30.09.2025 the Development Directorate of the City of Gdańsk informed the consortium consisting of Budimex S.A. (Consortium Leader 84.09% share) and KZN Rail Sp. z o. o. (Consortium partner, share 15.91%), that the consortium’s bid was evaluated the highest in the tender procedure for the Construction of the Ujeścisko tram depot along with the construction of a retention reservoir in Gdańsk in the design and build formula.

The above does not mean that the consortium’s bid was selected as the most advantageous, as the bid evaluation procedure has not been finalized.
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Value of the offer submitted by the consortium: PLN 260,777,899.00 net
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Date of commencement of works: from the date of signing the contract
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Completion date: 212 weeks from the signing of the contract
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Warranty period: 60 months

Warranty period: 60 months
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Down payment: none
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Payment terms: 30 days from the date of delivery of a correctly issued VAT invoice by the Contractor to the Ordering Party
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Bank guarantee of good performance (or other collateral): 5% of the gross price

Maximum value of the contractual penalty paid by the Contractor: 20% of the gross price

Contractual penalties are not exclusive and the Ordering Party has the right to seek compensation on general terms, if the value of the damage exceeds the amount of these penalties.

Other contractual conditions do not deviate from market standards.
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The value of the consortium’s offer exceeds the threshold of PLN 182,357 thousand net.

The Management Board of Budimex S.A. hereby announces the content of the resolutions discussed at the Extraordinary General Meeting of Budimex S.A. held on 30 September 2025:

Resolution of the Extraordinary General Meeting of Budimex S.A.
of 30 September 2025
regarding: election of the Chairperson of the Extraordinary General Meeting

The Extraordinary General Meeting of Budimex S.A. adopts a resolution with the following wording:
‎§ 1. The Extraordinary General Meeting appoints Mr Andrzej Leganowicz as the Chairman of the Extraordinary General Meeting.
‎§ 2. The resolution shall enter into force on the date of its adoption.

The Chairman of the Supervisory Board – Mr Marek Michałowski stated that the above resolution was adopted in a secret ballot, whereby:
– number of shares from which valid votes were cast – 20,574,316 shares (i.e. 80.59% of the share capital),
– the total number of valid votes – 20,574,316,
– votes “in favour” – 20,574,316, votes “against” – 0 /zero/, “abstentions” – 0 /zero/.

Resolution of the Extraordinary General Meeting of Budimex S.A.
of 30 September 2025
regarding: election of the Ballot Counting Committee

The Extraordinary General Meeting of Budimex S.A. adopts a resolution with the following wording:
‎§ 1. The Extraordinary General Meeting appoints the Ballot Counting Committee composed of:
‎1. Ms Bogna Kuczyńska-Piech,
‎2. Ms Jadwiga Romańska-Kwinta
‎§ 2. The resolution shall enter into force on the date of its adoption.

The Chairman stated that the above resolution was adopted in an open ballot, whereby:
– number of shares from which valid votes were cast – 20,574,316 shares (i.e. 80.59% of the share capital),
– the total number of valid votes – 20,574,316,
– votes “in favour” – 20,574,316, no votes “against”, and no abstentions.

Resolution of the Extraordinary General Meeting of Budimex S.A.
of 30 September 2025
regarding: adoption of the agenda

The Extraordinary General Meeting of Budimex S.A. adopts a resolution with the following wording:

‎§ 1. The Extraordinary General Meeting of Budimex S.A. adopts the following agenda:
‎1. Opening of the Extraordinary General Meeting.
‎2. Election of the Chairperson of the Extraordinary General Meeting.
‎3. Confirmation of the correctness of convening the Extraordinary General Meeting and its ability to adopt resolutions.
‎4. Election of the Ballot Counting Committee.
‎5. Adoption of the agenda.
‎6. Presentation of the recommendation of the Audit Committee of the Supervisory Board of Budimex S.A. on the selection of an auditor for the certification of the sustainability reporting of the Budimex Group for the years 2025 and 2026.
‎7. Adoption of resolutions regarding:
7.1. selection of an auditor for the certification of the sustainability reporting of the Budimex Group for the years 2025-2026,
7.2. amendments to Article 16(9)(h) of the Articles of Association of Budimex S.A. and adoption of the consolidated text of the Articles of Association
12. Closing of the meeting.
‎§ 2. The resolution shall enter into force on the date of its adoption.

The Chairman stated that the above resolution was adopted in an open ballot, whereby:
– number of shares from which valid votes were cast – 20,574,316 shares (i.e. 80.59% of the share capital),
– the total number of valid votes – 20,574,316,
– votes “in favour” – 20,574,316, no votes “against”, and no abstentions.

Resolution No. 533
of the Extraordinary General Meeting of Budimex S.A.
of 30 September 2025
regarding: selection of an auditor for the certification of the sustainability reporting of the Budimex Group for the years 2025-2026

Pursuant to Article 66(4) of the Accounting Act, the following is resolved:

‎§ 1. The Extraordinary General Meeting of Budimex S.A. selects, in accordance with the recommendation of the Audit Committee, the audit firm PricewaterhouseCoopers Polska Spółka z ograniczoną odpowiedzialnością Audyt Spółka Komandytowa for the certification of the sustainability reporting of the Budimex Group for the years 2025 and 2026 and obliges the Management Board of Budimex S.A. to conclude an agreement with the above-mentioned audit company to the extent indicated above.
‎§ 2. The resolution shall enter into force on the date of its adoption.

The Chairman stated that the above resolution was adopted in an open ballot, whereby:
– number of shares from which valid votes were cast – 20,574,316 shares (i.e. 80.59% of the share capital),
– the total number of valid votes – 20,574,316,
– votes “in favour” – 20,574,108, votes “against” – 27,208, and no abstentions.

Resolution No. 534
of the Extraordinary General Meeting of Budimex S.A.
of 30 September 2025
regarding: amendments to Article 16(9)(h) of the Articles of Association of Budimex S.A. and adoption of the consolidated text of the Articles of Association

Pursuant to Article 430 of the Companies and Partnerships Code, Article 66(4) of the Accounting Act and § 13(r) of the Company’s Articles of Association, the following is hereby resolved:
‎§ 1. Paragraph 16 section 9 letter h of the Articles of Association of Budimex S.A. shall read as follows:
“selection of an audit firm to audit stand-alone and consolidated financial statements and of an audit firm to certify sustainability reporting of the Company and the Budimex Group”
‎§ 2. In connection with the amendments to the Articles of Association introduced in § 1 of this resolution, the consolidated text of the Articles of Association is adopted, considering these changes, and is included in the appendix to this resolution. The appendix is an integral part of this resolution.
‎§ 3. The resolution shall enter into force on the date of registration in the National Court Register of the amendments to the Articles of Association introduced based on this resolution.
Appendices:
Consolidated text of the Articles of Association of Budimex S.A.

The Chairman stated that the above resolution was adopted in an open ballot, whereby:
– number of shares from which valid votes were cast – 20,574,316 shares (i.e. 80.59% of the share capital),
– the total number of valid votes – 20,574,316,
– votes “in favour” – 19,240,038, votes “against” – 1,334,278, and no abstentions.

The Management Board of Budimex S.A. announces that the Extraordinary General Meeting of Budimex S.A. on 30 September 2025, in accordance with the recommendation of the Audit Committee, selected the audit firm PricewaterhouseCoopers Polska Spółka z ograniczoną odpowiedzialnością Audyt Spółka Komandytowa to certify the sustainability reporting of the Budimex Group for the years 2025-2026. The auditor was selected in accordance with the applicable regulations and professional standards.

Pricewaterhousecoopers Polska Spółka z ograniczoną odpowiedzialnością Audyt Spółka Komandytowa is entered on the list of entities authorized to audit financial statements maintained by the Polish Audit Supervision Agency under registration number 144.

The Management Board of Budimex S.A. announces that on 25.09.2025, the Gas Transmission Operator GAZ-SYSTEM S.A. annulled the act of selecting the most advantageous bid submitted by Budimex S.A. in the tender procedure entitled General implementation of the Investment entitled “Construction of the Lwówek Gas Compressor Station. Stage I”, referred to in current report No. 35/2025 of 18.06.2025.

Therefore, the Contracting Authority will re-examine and evaluate the offer.

The Management Board of Budimex SA announces that on 23.09.2025 the General Directorate for National Roads and Motorways Katowice Branch selected the offer of Budimex SA as the most advantageous in the tender procedure for the Construction of the bypass of Szczekociny and Goleniowy along national road No. 78.
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The information that our offer was evaluated the highest in the tender procedure was published on 01.08.2025 in current report No. 46/2025.

Offer value: PLN 294,759,843.95 net
Date of commencement of works: date of conclusion of the Agreement by both Parties
Date of completion of works: 22 months from the Commencement Date (winter periods are not included in the time of completion of works)
Warranty period: up to 10 years
Warranty Period: The Warranty Period for Defects is 5 years from the date indicated in the Certificate of Acceptance
Advance payment: from 1% to 10% of the Accepted Gross Contract Amount
Payment terms: 30 days from the date of delivery of a correctly issued VAT invoice by the Contractor to the Ordering Party
Bank guarantee of good performance: 10% of the Accepted Gross Contract Amount
Maximum value of the contractual penalty paid by the Contractor: 20% of the Accepted Net Contract Amount
Maximum value of the contractual penalty paid by the Ordering Party: 15% of the Accepted Net Contract Amount

The Ordering Party reserves the right to demand supplementary damages transferring the amount of the Contractual Penalties to the amount of the damage actually suffered, incurred or may arise in connection with the non-performance or improper performance of the Agreement by the Contractor.

Other contractual conditions do not deviate from market standards.
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The value of the offer exceeds the threshold of PLN 182,357 thousand net.