Ladies and gentlemen, it's 9:32 A.M. with a slight delay. My apologies for that. I welcome you wholeheartedly at the Annual General Meeting of Orange Polska S.A. May I ask the Notary Public to the head table? My name is Maciej Witucki, Head of the Supervisory Board of Orange Polska S.A. Now, this meeting has been summoned by virtue of the decision of the Management Board, and the announcement was duly placed on the website and reported on on that same date. Based on Article 18, paragraph one of the Statute of the company, I'm now opening the proceedings. Let me tell you that the proceedings are webcast in real time. I am moving on to item one, which is the nomination of the Chairman. Before I ask you for the candidates, may I ask the technical staff to advise us on the operation of the electronic communication and voting system?
A very good morning to you. After you sign up at the list of attendance, you'll receive a tablet. At the reception table, there are two buttons flashing up. One says, Your Data, two data, where you can see the proxy and the shares that you represent. Documents, [Non-English content], where you will find a list of documents pertaining to this particular meeting. Now, the voting process itself. The tablet will switch to voting mode immediately. Automatically, you choose your decision, then you'll see a summary page. If it is accurate, you press Confirm, [Non-English content] button. If you go wrong, then on the summary screen, you can always make one step back, re-choose the right decision, press the right button, and thus cast a vote. The system provides for the confidentiality of voting. Thank you very much, and I wish you a very fruitful debate.
Well, I understand you can always voice your candidates via the system. Oh, no, not quite. We do that verbally. You propose candidates in person by those present. I understand the instruction on how to use the system is clear. May I ask you for your candidates to nominate the Chairman of this meeting? These can be candidates out of those who are entitled to participate in this General Meeting. I'm looking around. Piotr Zbierski. Thank you very much. Are there any other candidacies? I cannot see any. Congratulations. I think one candidate is proposed, Mr. Piotr Zbierski, if my hearing was correct. Piotr Zbierski, yes, it was. No other candidates have been voiced. Does Mr. Zbierski agree to stand as Chairman of this meeting? Yes. There's one candidate put forward. Let me therefore ask you if there is any opposition to this candidacy. I cannot see any.
Therefore, based on 5.3 of the Rules of this Meeting, I now conclude that Mr. Piotr Zbierski has thus been nominated Chairman of this Annual General Meeting. I hand over the proceedings to you. Congratulations.
Good morning, everyone. A very good morning to all of you, ladies and gentlemen. We need a minute or two to review all the documents so that we can pass on to the nitty-gritty of this Meeting. We must go through the formalities before we pass on to the substantive part of the Assembly.
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We have gone through all the proxies issued, giving you the right to act on your entitlements in writing or electronically. I've signed the list of attendance, which will be available during the proceedings and will be currently updated if there are any changes therein, and that will be duly noted. Of the total number of shares, the present shares are 1,873,000,753 shares, which gives almost 83% of the total number of shares and the corresponding number of votes. The validity of this proceeding does not require a quorum, so the majority we do have will make it possible for us to reach the vast majority of decisions at this meeting. We are not going to vote on the agenda. However, allow me to remind ourselves of the subject area of our meeting today.
The first items are already behind us. We've opened the meeting, we've elected the Chairman. I can now confirm that the meeting is validly convened, and as Mr. Chairman already mentioned, on the 13th, a decision was reached by the Management to summon this meeting, and on that same day, the publication was made on the website concerning this meeting and all the documents which are pertinent to this meeting. I can now confirm that the meeting has been duly convened and it is capable of making resolutions.
The next item on the agenda is to look at the separate financial statements of Orange Polska S.A. for 2025, then distribution of profit in Orange Polska S.A. for 2025, then Management Board's report on the activity of Orange Polska Group and Orange Polska S.A., and the consolidated financial statements for 2025, and then the report of the Orange Polska S.A. Supervisory Board for 2025 and the report of the Supervisory Board on remuneration in 2025.
Following that, we'll move on to the adoption of the resolutions concerning approval of the separate financial statements of Orange Polska S.A. for 2025, then distribution of profit in Orange Polska S.A. for 2025, then approval of the Management Board's report on the activity of Orange Polska Group and Orange Polska S.A. in 2025 financial year, then resolution on consolidated financial statements for 2025 of Orange Polska S.A., then approval of the Supervisory Board report for 2025, then expressing an opinion on the Supervisory Board report on remuneration in 2025. We move on to a series of resolutions on granting approval of the performance of duties of the members of Orange Polska S.A. governing bodies in 2025. In item six, we're going to adopt a resolution on adopting the unified text of the articles of association of Orange Polska S.A.
In the next item, we will make a resolution on the statute, changes in the Supervisory Board composition and ensuing resolutions, and closing of the meeting. Now, moving on to item four of the agenda, which is review of the Orange Polska separate financial statements for 2025, distribution of profit, then report on the activity of the Group and of Orange Polska, and approval of the Supervisory Board's report, and report on remuneration, all of these pertaining to 2025. I hand over to the Chairman of the Board for the presentation of the results.
Oh, yes. [Non-English content] . Good morning, everyone, dear shareholders. In March last year, we presented our new four-year strategy, Lead the Future, and today I am very pleased to say that 2025 was a very strong start of this strategy. We have progressed on all key pillars of our strategy, and we have prepared the solid grounds for next years. First to underline is our commercial performance. That was excellent in both retail and our wholesale line of business. In retail, we uplifted both customer base and ARPU. In wholesale, we started to benefit from new important business development in the new projects. Commercial performance and commercial growth is essential pillar for value creation in our Lead the Future plan. In order to win customers, we are committed to offer first-class connectivity at home, at work, and on the move, and last year we significantly progressed in 5G coverage.
Already 85% of the Polish population can enjoy 5G with higher speeds and with better latency. Orange Fiber is now reaching more than 10 million homes, 2/3 of households in Poland, with 1 million households added in 2025. The third important contributor to our results last year was the transformation and efficiency pillar of Lead the Future. We increased our efficiency by better cost and better CapEx management, increasing profit margins, and improving cash conversion as a result. We have initiated a new transformation program that brought us results in 2025, but what is very important, it is bringing strong, solid prospects for years to come. Lead the Future is focused on value creation for our shareholders.
In 2025, we clearly demonstrated it by growing our financials, and I am very proud that we have delivered a 47% in total shareholder return through growth of our share price and through the dividend paid. Let's briefly look on the next slide, and on the key levers of our commercial performance last year. In 2025, we pursued a bold marketing plan. We visibly improved our marketing communication, refreshed the main brand to reach younger segments, changed the visual identity of our prepaid products, and our B brand, nju, as well, received a new format. We put higher focus on standalone offers. Our multi-SIM family offer proved to be a success, and we boosted the content proposition for fiber and the TV offer, making it significantly more attractive. These, combined with our AI-enabled tailored offers, contributed to customer loyalty for the existing base and allowed us to attract new customers.
On the value side, we pursued our more- for-m ore strategy. ARPU benefited from good demand for higher data plans in mobile, and higher speed fiber offers. Customers with higher speed options already account for close to half of our customer base. As a result, we increased Orange presence in Polish households, reversing a multi-year trend. This is very much in line with what we put in our ambition for Lead the Future and is representing the fundamental change for us, offering very promising prospects for the future. Now as we will talk about our financial performance and financial results, I would like to pass the floor to Jacek Kunicki.
Thank you, Liudmila. A warm welcome to everyone gathered here. It is my pleasure to communicate that our financial results for 2025 were excellent. They exceeded our own expectations as well as the expectations of the market. We increased revenues and EBITDA profit by more than 4% year-on-year. Importantly, this growth was anchored in the robust foundation of our operations on our cost discipline and our commercial activity. We also upheld discipline in our investments. We allocated capital to those areas which drove growth. This increased the effectiveness of CapEx, but decreased it in proportion to the Group's capital. We will continue with this trend in the coming years. We transformed a bit of growth into growth of cash generation, and we have PLN 1 billion of organic cash flows.
These results show that we have robust foundations to build value for our shareholders in 2025, 2026, and in the coming years. Let's compare these results with the expectations that we presented at the beginning of 2025. Growth of revenue and EBITDA exceeded our expectations. We expected a growth of one-digit growth. However, we achieved the medium level of one-digit growth. These dynamics were driven mainly by growth in IT services and integration service, as well as wholesale. While our main growth engine, that is the revenue from our core services, grew by 6.5% year-over-year. EBITDA growth was driven by high profitability of our core telecommunications services in wholesale and cost effectiveness. The investment forecast oscillated at the bottom level of the scope we present. We effectively continued to invest as we focused on a real estate sale.
We're growing faster than we expected and faster than we initially assumed. The results for 2025 are a good illustration of our growth model, and let's look at that growth model in the slide shown here. This is the value creation model we've already shown you when we announced our Lead the Future strategy. This model shows how we want to improve and increase our revenue and our growth. In a nutshell, the major part of growth that is revenue growth, mainly from commercial activity, should translate to a EBITDA growth, and as a result, an increase in cash. This requires discipline in operating costs and also investment outlays. Our model proved efficient in the previous year, and we want to continue applying it in 2026 and into the years to come according to our medium-term plan. Let's look at the next slides.
Our goal for 2026 is to consistently continue generating value for shareholders. We expect an increase in revenue at a low single-digit level. Let us bear in mind that solid dynamics of core telecommunication services will be key to an increase in revenue. We expect another year of stable growth of EBITDA, between 3% and 5% year-on-year. This growth will be fueled by the effects of commercial activity and also our cost transformation. Higher revenue, higher EBITDA, that's what we want to achieve, and we want to achieve that with the same level of investment outlays as in 2025. Of course, we're still focusing on building the 5G network, on completing the optical fiber network, and filling in the blank spots.
We expect that to translate into strong growth in terms of generated cash, and we aim from PLN 1.1 billion of organic cash flows in 2026, which is at least a 10% growth as compared to 2025. Let's move on to the midterm forecast. In 2025, we achieved a good financial result. We expect a good year in 2026. As a result, we are more optimistic about our capabilities to generate higher value in the future. As a result, we're increasing the midterm guidance. We expect further growth of EBITDA from low to mid-single digit growth. As we take into account the existing trends, we see that a higher increase is possible. In terms of CapEx, of investment outlays, we expect that it will amount to PLN 1.8 billion per annum. We will increase that in relation to revenue.
On top of stable EBITDA and CapEx growth, we are more optimistic about organic cash flow generation. We expect that in 2028, organic cash flows will achieve at least PLN 1.4 billion. This means growth by at least 40% as compared to 2025. The annual average also means growth. It also means higher value generated for the shareholders, which means higher dividend. As a result of the good results for 2025 and the robust forecast for 2026, as the Management Board, we recommend PLN 0.61 of a dividend to be paid out in 2026, which will come from the profit generated in 2025. This means that the dividend increases by 15% as compared to the dividend paid out in 2025. Moreover, PLN 0.61 becomes the base level for the coming years of the Lead the Future strategy.
As we announced in the previous year, we are working consistently on providing the conditions which make it possible to distribute higher revenues to our shareholders. We are greatly pleased that we've succeeded, yet again, that we've provided such conditions to our shareholders, and we will not rest in our efforts to continue in this direction. We're open to your questions, ladies and gentlemen.
Thank you very much. I think we can now open discussion. If there are any questions or comments on the results presented to us a moment ago, this is the right time for it. Everything was clear. Thank you very much for the presentations. I think we can move on to the next stage in our proceedings, which is the first resolution that we are going to proceed on, and it concerns the approval of the Orange Polska S.A. financial statements for 2025 based on the International Financial Reporting Standards. On the base of Article 53, Clause one of the Accounting Act and Article 393, Item one, Article 395, Para 2.1 of the Commercial Companies Code, and Para 13, Item one of the Orange Polska S.A. Articles, the following resolution is hereby adopted.
The Annual General Meeting approves the Orange Polska S.A. Financial Statement for 2025 according to International Financial Reporting Standards, which include Income Statement for 2025, showing net income of PLN 813 million, Statement of Comprehensive Income for 2025, showing total comprehensive income of PLN 711 million, Statement of Financial Position as of December 31st, 2025, with a balance sheet total of PLN 26,012 million, Statement of Changes in Equity for 2025, showing an increase in equity by PLN 21 million, Statement of Cash Flows for 2025, showing a decrease in cash and cash equivalents by PLN 8 million, and Notes to the Financial Statements. Para two, the resolution comes into force and effect on the day of its adoption. I think we can now open the ballot.
It's going to be an open ballot. I've just been informed that all the votes have been cast, so the ballot is closed. Here is the outcome. Cast were 1,086,803,723 valid votes of the corresponding number of shares, which is almost 83%. Now in favor were 1,083,235,626 votes. Against, abstentions 3,599,127 votes. The resolution has been made. We can now move on to a next resolution on the distribution of profit of Orange Polska S.A. Here is the reading of the resolution.
On the base of Article 395 Para two, Item two of the Commercial Companies Code and Para 13 Clause two of the Orange Polska S.A. Article Association, the following resolution is hereby adopted. The net income of Orange Polska S.A. for the 2025 financial year of PLN 812,853,584 is divided in the following manner. For a dividend, PLN 796,596,512. To the reserve capital, which is mentioned in Para 30, Clause 3 of the Article Association, PLN 16,257,071.69. The amount of dividend shall be PLN 0.61 for each entitled share.
For this purpose, part of the funds from the supplementary capital, the amount of PLN 3,941,549.32, and the total amount shall be PLN 800,538,062. Persons being the company's shareholders on the 24th of June 2026 shall be entitled to the dividends, i.e. the dividend day. The dividend shall be paid on July 8th, 2026. Para five, the resolution comes into force on the day of its adoption. It is going to be an open ballot. The ballot is now open. Well, I've just been informed that all the votes have been cast. I now close the ballot.
Now, 1,086,834,753 valid votes were cast out of the corresponding number of shares, which accounts for almost 83% of the share capital. In favor were 1,084,704,321 votes. Abstentions, 2,130,432 votes, which means that the resolution has been effectively made. Our next resolution concerns the approval of the Management Board's report on the activity of the Orange Polska Group and Orange Polska S.A. in the 2025 financial year. On the base of Article 63C, Clause four of the Accounting Act and Article 395, Para five of the Commercial Companies Code, the following resolution is hereby adopted.
The Annual General Meeting approves the Management Board's report on the activity of the Orange Polska Group and Orange Polska S.A. in the 2025 financial year. Para two, the resolution comes into force on the day of its adoption. This is an open ballot. The ballot is now open.
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I've just been told that all the votes have been cast. I now close the ballot. Now, 1,086,834,753 valid votes were cast, corresponding to the total number of shares represented, which accounts for almost 83% of the share capital. In favor were 1,083,235,626 votes. Abstentions, 3,599,127 votes, which means that the resolution has been made. We are moving on to a next, the consolidated financial statements for 2025 on the basis of International Financial Reporting Standards. Here is the content. On the basis of Article 63C clause four of the Accounting Act and Article 395 paragraph five of the Commercial Companies Code, the following resolution is hereby adopted. Paragraph one.
The Annual General Meeting approves the Orange Polska Group Consolidated Financial Statements for 2025 according to IFRS, which include Consolidated Income Statement for 2025, showing net income of PLN 762 million, including net income attributable to owners of Orange Polska of PLN 762 million, Consolidated Statement of Comprehensive Income for 2025, showing total comprehensive income of PLN 575 million, including total comprehensive income attributable to owners of Orange Polska S.A. of PLN 575 million, Consolidated Statement of Financial Position as of 31st December 2025, with the balance sheet total of PLN 27,800 million, Consolidated Statement of Changes in Equity for 2025, showing a decrease in total equity by PLN 115 million, including a decrease in equity attributable to owners of Orange Polska S.A. by PLN 115 million.
Consolidated statement of cash flows for 2025, showing a decrease in cash and cash equivalents by PLN 28 million. Notes to the consolidated financial statements. Paragraph two, the resolution comes into force on the day of its adoption. This is going to be an open ballot. The ballot is now open. All the votes have been cast, so I now close the ballot. Now, 1,086,834,753 valid votes were cast out of the corresponding number of shares represented, which again accounts for almost 83% of the share capital. In favor, 1,083,235,626 votes. Abstentions, 3,599,127 votes, which means that the resolution has been effectively made.
[Non-English content] Let us move on to the next resolution on the approval of the Supervisory Board for the 2025 financial year. Paragraph one, the Supervisory Board of Orange Polska S.A. report for the 2025 financial year is approved. Paragraph two, the resolution enters into force upon adoption. The resolution will be voted upon in open ballot. You may cast your votes now. All the votes have been cast of the eligible shares. I hereby close the voting. 1,086,834,753 valid votes were cast, corresponding to the same number of voting shares, which corresponds to almost 83% of the share capital. The votes in favor were 1,083,235,626, abstentions are 3,599,120. This resolution has been adopted. The next resolution we shall vote on is the resolution on expressing an opinion on the report of the Supervisory Board on remuneration in 2025.
A positive opinion on the report of the Supervisory Board on remuneration of the members of the Management Board and Supervisory Board of Orange Polska S.A. in 2025 is expressed. Article two, the resolution enters into force upon its adoption. This resolution shall also be subject to open ballot. I hereby open the voting. All the votes have been cast. I hereby close the voting. 1,086,834,753 valid votes have been cast, corresponding to the same number of authorized shares, which corresponds to nearly 83% of the share capital. In favor, 1,068,534,410 votes. Against, 16,169,911 votes. Abstentions, 2,130,432. As a result, this resolution is adopted. Let us proceed to the vote on granting approval of the performance of duties to members of the governing bodies of Orange Polska. We will start with the members of the Management Board and move on to the Supervisory Board.
Let us proceed to the resolution on granting approval to Madam President, Liudmila Climoc. The resolution reads as follows, the approval of the performance by Madam Liudmila Climoc of her duties as the President of Orange Polska Management Board in the financial year 2025 is granted. We will cast our votes under secret ballot. I hereby open the voting. All the votes have been cast. I hereby close the voting. 1,086,834,753 valid votes were cast of the same number of authorized shares, which corresponds to almost 83% of the share capital. The votes cast in favor amounted to 1,082,549,463. The votes against, 517,261, and abstentions, 3,768,029. Therefore, this resolution is adopted. We may now proceed to the next resolution on granting approval of the performance of duties. This resolution will be for Madam Jolanta Barbara Dudek.
The resolution reads as follows, "The approval of the performance by Madam Jolanta Barbara Dudek of her duties as a Member of the Management Board of Orange Polska S.A. in the financial year 2025 is granted." We shall vote by secret ballot. I hereby open the voting. Ladies and gentlemen, all the votes have been cast. I hereby close the voting. 1,086,834,753 valid votes stemming from the same number of authorized shares, which corresponds to almost 83% of the share capital. The votes in favor, 1,082,549,463, the votes against, 517,261, and abstentions, 3,768,029 votes. Therefore, this resolution is adopted. Let us proceed to the next resolution on granting approval of the performance of duties. This time, the resolution will be for Madam Bożena Leśniewska of the Management Board of Orange Polska S.A.
The resolution reads as follows, "The approval of the performance by Madam Bożena Katarzyna Leszczyńska of her duties as member of the Orange Polska S.A. management board in the financial year 2025 is granted." Let us proceed to a vote by secret ballot. All the votes have been cast. Therefore, I close the voting. A total of 1,086,834,753 valid votes were cast, corresponding to the same number of authorized shares, which correspond to 83% of the share capital. The votes in favor, 1,082,549,463 votes. Against, 517,261. Abstentions, 3,768,029 votes. This resolution is therefore, also adopted. Let us proceed to the next resolution on granting approval of the performance of duties to Witold Ryszard Drożdż, member of the Orange Polska S.A. management board for performing his duties in 2025.
The resolution reads as follows, "The approval of the performance by Mr. Witold Ryszard Drożdż of his duties as Member of the Orange Polska Management Board in Financial Year 2025 is granted. We shall proceed to a vote by secret ballot. Please cast your votes. All the votes have been cast. Therefore, I close the voting. A total of 1,086,834,753 valid votes were cast from the same number of authorized shares, which corresponds to almost 83% of the share capital. The votes in favor, 1,082,549,463, the votes against, 517,261 votes, and abstentions, 3,768,029 votes. This means that this resolution has been adopted.
Which means we can move on to a next resolution on granting approval of the performance of duties given to Mr. Tadeusz Jaworski as Member of the Orange Polska S.A. Management Board. The approval of the performance by Piotr Tadeusz Jaworski of his duties as a Member of the Orange Polska S.A. in the financial year 2025 is granted, and this is a secret ballot.
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All the votes have been cast. The ballot is now closed. 1,086,834,753 valid votes were cast out of the corresponding number of shares, which account for almost 83% of the share capital. In the favor, 1,082,549,463 votes. Against, 517,261 votes. Abstentions, 3,768,029 votes, which means that the resolution has been made. We are moving over to another resolution on granting approval of the performance of duties to Board Members. This time, with regard to Mr. Jacek Kowalski of his duties as Member of the Management Board. The approval of the performance by Jacek Kowalski of his duties as a Member of the Orange Polska S.A. Management Board in the financial year 2025 is granted. This is a secret ballot.
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All the votes have been cast. The ballot is now closed. 1,086,834,753 valid votes were cast out of the corresponding number of shares, which accounts for almost 83% of the share capital. In favor, 1,082,549,463 votes. Against, 517,261 votes. Abstentions, 3,768,029 votes, which means that the resolution has been adopted. We can now move on to our next resolution on granting the approval of the performance of duties to Mr. Jacek Marek Kunicki in his capacity as Member of the Board. The approval of the performance by Jacek Marek Kunicki of his duties as Member of the Orange Polska Management Board in the financial year 2025 is hereby granted. This is a secret ballot. [Non-English content] All the votes have been cast. The vote is now closed.
Now 1,086,834,753 valid votes were cast out of the corresponding number of shares, accounting for almost 83% of the share capital. In favor 1,082,549,463 votes. Against 517,261 votes. Abstentions 3,768,029 votes, which means that the resolution has been adopted. We are moving on to our last vote on granting approval of performance of duties to Management Board Members, and this time with regard to Mr. Maciej Nowohoński in his capacity as Board Member. The approval of performance by Mr. Maciej Nowohoński of his duties as Management Board Member of Orange Polska S.A. in the financial year 2025 is hereby granted. This is a secret ballot. [Non-English content]
All the votes have been cast. I now close the ballot. 1,086,834,753 valid votes were cast out of the corresponding number of shares, accounting for almost 83% of the share capital. In favor were 1,069,074,926 votes, against 13,991,798 votes, and abstentions 3,768,029 votes, which means that the resolution has been made. I can now conclude that all members of the Management Board have been granted approval of the performance of their duties for 2025, and we can now move on to granting approval to the members of the Supervisory Board. The first resolution concerns the approval of the performance of duties to Mr. Maciej Krzysztof Witucki as Chairman of the Supervisory Board.
The approval of the performance by Mr. Maciej Krzysztof Witucki of his duties as member of the Supervisory Board Orange Polska S.A. in the financial year 2025 is granted. This is a secret ballot. [Non-English content] All the votes have been cast. The ballot is now closed. 1,860,834,753 valid votes were cast out of the corresponding number of shares, which accounts for almost 83% of the share capital. Now in favor were 1,067,899,967 votes. Against 15,166,798 votes. And abstentions 3,768,029 votes, which means that the resolution has been adopted and the approval has been granted.
Moving on to our next resolution on granting approval to Madame Marie-Noëlle Jégo-Laveissière of her duties as Supervisory Board Deputy Chairman. The approval of the performance by Marie-Noëlle Jégo-Laveissière of her duties as Member of the Supervisory Board, Orange Polska S.A., in the financial year 2025 is therefore granted. This is a secret ballot. All the votes have been cast, therefore I close the ballot. 1,086,834,753 valid votes were cast out of the corresponding number of shares, accounting for almost 83% of the share capital. In favor were 1,082,549,463 votes. Against were 517,261 votes. Abstentions, 3,768,029 votes, which means that the resolution has been adopted. We're now moving on to a next resolution on granting approval, this time with regard to Mr. Laurent Martinez as Member of the Supervisory Board.
The approval of the performance by Mr. Laurent Martinez of his duties as Supervisory Board Member of Orange Polska S.A. in the financial year 2025 is granted. This is a secret ballot. All the votes have been cast. The ballot is now closed. Now, 1,086,834,753 valid votes were cast of the corresponding number of shares, accounting for almost 83% of the share capital. In favor were 1,082,549,463 votes. Against, 517,261 votes. Abstentions, 3,768,029 votes, which means that the resolution has been made.
Let us proceed to the next resolution on granting approval of the performance of duties to Mr. Marc Ricau on granting approval of the performance of duties of a member of the Supervisory Board. The approval of the performance by Marc Ricau of his duties as a member of the Supervisory Board of Orange Polska in financial year 2025 is granted. I hereby open voting by secret ballot. That concludes the voting process on this resolution. All the votes have been cast. 1,086,834,753 valid votes of the corresponding number of shares, corresponding to almost 83% of the share capital have been cast. 1,049,150,539 votes were cast in favor, 33,916,185 were cast against, and abstentions are 3,768,029 votes. As a result, this resolution has been made. Let us move on to the next resolution on Mr. Philippe Béguin, on the performance of his duties as member of the Supervisory Board.
The approval of the performance by Mr. Philippe Béguin of his duties as a Member of the Orange Polska Supervisory Board in the financial year 2025 is granted. I hereby open voting by secret ballot. All the votes have been cast. That concludes the voting process on this resolution. 1,086,834,753 valid votes of the corresponding number of shares, which amount to almost 83% of the share capital, have been cast on this resolution. Votes in favor, 1,082,549,463. Votes against, 517,261. Abstentions, 3,768,029 votes. As a result, this resolution has been made. We shall now move on to the resolution on granting approval to Madame Bénédicte David on her performance as a Member of the Supervisory Board.
The resolution reads as follows. The approval of the performance by Madame Bénédicte David of her duties as member of Supervisory Board of Orange Polska in financial year 2025 is granted. I hereby declare the secret ballot open. Please cast your votes. That concludes the voting process on this resolution. All the votes have been cast. 1,086,834,753 valid votes of the corresponding number of shares, corresponding to almost 83% of the share capital, have been cast. The votes cast in favor, 1,062,625,076 votes, 20,441,648 were cast against, 3,768,029 votes were abstained. As a result, this resolution has been made. Let us proceed to the resolution on granting approval to Mr. Bartosz Dobrzyński on the performance of his duties as member of the Supervisory Board.
The resolution reads as follows. The approval of the performance by Bartosz Marcin Dobrzyński of his duties as a member of Orange Polska Supervisory Board in the 2025 financial year is granted. I hereby open voting by secret ballot.
[Non-English content] I hereby declare the voting closed. All votes have been cast. 1,086,834,753 valid votes, of the same number of shares, corresponding to nearly 83% of the share capital, have been cast. 1,064,313,080 votes were cast in favor. 18,753,644 votes were cast against. Abstentions, 3,768,029 votes. This means that this resolution has been made. Let us proceed to the next resolution on granting approval to Madame Clarisse Hériard Dubreuil on the performance of her duties as Member of the Supervisory Board. The approval of the performance by Clarisse Hériard Dubreuil of her duties as Orange Polska Supervisory Board Member in the 2025 financial year is granted. I open voting by secret ballot.
[Non-English content ] I declare the voting closed. All the votes have been cast. On this resolution, 1,086,834,753 valid votes, of the same number of shares corresponding to nearly 83% of the share capital, have been cast. 1,082,549,463 votes have been cast in favor. 517,261 votes were cast against, and 3,768,029 votes were abstentions. As a result, this resolution has been made. We shall now proceed to the resolution on granting approval to Mr. John Russell Houlden. The resolution reads as follows, the approval of the performance by John Russell Houlden of his duties as Orange Polska S.A. Supervisory Board Member for in the 2025 financial year is granted. I hereby open a voting by secret ballot.
[Non-English content] I hereby close the voting process on this resolution. 1,086,834,753 valid votes, of the same number of shares corresponding to almost 83% of the share capital, have been cast. 1,069,074,926 votes were cast in favor. 13,991,798 were cast against, and 3,768,029 votes were abstentions. As a result, this resolution has been made. Let us move on to the next resolution on granting approval to Madame Monika Aleksandra Nachyła on the performance of her duties as a Supervisory Board Member. The approval of the performance by Monika Aleksandra Nachyła of her duties as Orange Polska S.A. Supervisory Board Member in the 2025 financial year is granted. I hereby open voting by secret ballot.
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That concludes the voting. All votes have been cast. 1,086,834,753 valid votes have been cast for the same number of shares, which corresponds to nearly 83% of the share capital. 1,082,549,463 votes were cast in favor, 517,261 were cast against, while 3,768,029 votes were abstentions. As a result, this resolution has been made.
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We are moving on to another resolution concerning granting approval to Madam Maria Pasło-Wiśniewska. The approval of the performance by Madam Maria Pasło-Wiśniewska of her duties as Member of the Orange Polska S.A. Supervisory Board member in the financial year 2025 is granted. This is a secret ballot.
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All the votes have been cast. I now close the ballot. Now, 1,086,834,753 valid votes were cast out of the corresponding number of shares, accounting for almost 83% of the share capital. In favor were 1,049,663,543 votes. Against 33,003,181 votes. Abstentions 3,768,029 votes, which means that the resolution has been made. And on to another resolution on granting approval, this time with regard to Mr. Adam Jacek Uszpolewicz as member of the supervisory board. Here is the reading of the resolution. The approval of the performance by Mr. Adam Jacek Uszpolewicz of his duties as a member of the Supervisory Board of Orange Polska S.A. in the financial year of 2025 is hereby granted. This is a secret ballot.
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All the votes have been cast. The ballot is closed. 1,086,834,753 valid votes were cast out of the corresponding number of shares partaking in the vote, accounting for almost 83% of the share capital. In favor were 1,082,549,463 votes. Against, 517,261, and abstentions 3,768,029 votes. The resolution has been made. On to another resolution concerning the approval, this time with regard to Mr. Jean-Marc Vignolles. The approval of the performance by Mr. Jean-Marc Vignolles of his duties as Member of the Supervisory Board Orange Polska S.A. in the financial year of 2025 is granted. This is a secret ballot.
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I now close the ballot, now that all the votes have been cast. Now, 1,086,834,753 valid votes were cast out of the corresponding number of shares, accounting for almost 83% of the share capital. In favor were 1,082,549,463 votes. Against, 517,261 votes. Abstentions, 3,768,029 votes, which means that the resolution has been made. We are moving on to the last resolution in this point, granting approval with regard to Mr. Etienne Vincens de Tapol. The reading of the resolution is as follows. The approval of the performance by Mr. Etienne Vincens de Tapol of his duties as a Member of the Supervisory Board, Orange Polska S.A., in the financial year 2025 is hereby granted. This is a secret ballot.
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I now close the ballot, now that all the votes have been cast. 1,086,834,753 valid votes were cast out of the corresponding number of shares, accounting for almost 83% of the share capital. In favor were 1,080,861,459 votes. Against, 2,205,265 votes. Abstentions, 3,768,029 votes, which means that the resolution has been passed. We have therefore concluded our voting on granting approvals to the Supervisory Board members. I think we can now move on to a next item of our meeting. Amending the Articles of Association of Orange Polska S.A. Now, the amendments are due to the changes in the official Polish classification of business activity. Therefore, the Company needs to change the PKD codes to make adjustments to the new nomenclature. This is the main reason for the changes.
In addition, because the articles of the company, there was a PKD code on the production of fiber optic cable, which is not the activity the company is engaged in at the moment. This line of business is going to be removed from the PKD activities of the company. If you've any questions about changes in the articles, this is the time to put forth your question. If not, allow me to tell you that the draft document was published on the website. It's still available for the shareholders to see. Allow me not to read all the changes of the PKD codes, because this is purely a technicality. Therefore, I suggest we move on to the ballot on amending the articles of association of Orange Polska S.A.
Based on Article 430, Paragraph one of the Commercial Companies Code and Paragraph 13, Item five of the Articles of Association of Orange Polska S.A., the substance of the amendments is publicly available, was published before this General Meeting as regards the entry into force and effect on the date of adoption, and will become effective since the date of the registration being filed with the Registry Court. This is an open ballot. The ballot is now open.
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All the votes have been cast. I now close the ballot. Now, 1,086,834,753 valid votes were cast out of the corresponding number of shares, which accounts for almost 83% of the share capital. In favor were 1,084,704,321 votes. Abstentions, 2,130,432 votes. There were no votes against. Therefore, the resolution has been made. Now, given the adoption of these amendments, we are now moving on to a next item on adopting the unified text of the articles of association of Orange Polska S.A., which introduces these modifications into the articles of the company. Now, the resolution concerns the entire body of the articles of association. The new version had been published on the Orange Polska S.A. website and is part of the documentation of this meeting made available to the shareholders.
The resolution comes into force on the date of its adoption, de facto from the date of registration of the amendments by the Registry Court. We can now move on to an open ballot, please.
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We have all the votes already cast, so I close the ballot. Now, 1,086,834,753 valid votes were cast out of the corresponding number of shares represented in this ballot, which account for almost 83% of the share capital. In favor were 1,084,704,321 votes. Abstentions, 2,130,432 votes. There were no votes against, and the resolution has been made.
We may proceed to the next point on our agenda. Let me advise you that at this Ordinary General Meeting, the mandate of three members of the Supervisory Board expire. Madame Clarisse Hériard Dubreuil and Usman Javaid, who has been appointed on the 17th February of 2016. Under a special procedure under the Articles of Association of the company, one of the members of the Supervisory Board stepped down. The company introduced information about two candidates into the announcement about the general meeting. The resumes of the candidates have been published in the current report of 13th March 2026. These resumes are still available and continue to be published. The shareholder of the company nominated the following candidates, Madame Clarisse Hériard Dubreuil for another term of office and Mr. Usman Javaid. Let me ask if there are any other nominations for candidates to the Supervisory Board.
Now is the time to put forward a nomination. I do not see any other requests or nominations. Those are the only two candidates that we shall vote on. Let me inform you that I hold the written consent for the candidacy of both candidates that have been put forward by an Orange S.A. shareholder. Both resolutions on the appointment of new members will be subjected to secret ballot in alphabetical order. Let us therefore proceed to the first resolution on the appointment of a Supervisory Board member. The resolution reads as follows: Clarisse Hériard Dubreuil is appointed to the Orange Polska S.A. Supervisory Board. The resolution enters into force upon adoption. I hereby open the secret ballot. You may now cast your votes. All the votes have been cast. I declare the voting closed.
1,086,834,753 valid votes for the same number of shares, which corresponds to almost 83% of the share capital, were cast. 900,083,965 votes were cast in favor, 54,281,917 votes were against, and 132,468,871 votes were abstentions. Therefore, the resolution has been made, and we have appointed a member of the Supervisory Board for another term in office. Let us move on to the last resolution of the AGM on the appointment of a Supervisory Board member. Usman Javaid is appointed to Orange Polska as a Supervisory Board. The resolution enters into force upon adoption. I hereby declare the secret ballot open. Please cast your votes. All the votes have been exercised. I hereby close the voting. A total of 1,086,834,753 valid votes were cast from the same number of shares, which corresponds to nearly 83% of the share capital.
900,083,965 votes were cast in favor, 54,281,917 were cast against the resolution, and abstentions, 132,468,871. This means that the final resolution of the AGM has been adopted. Ladies and gentlemen, as we have exhausted the agenda of today's AGM, all I can do is close this meeting. Thank you for your effective and smooth cooperation. I wish you a lovely day and a nice weekend. Thank you.