ESRS
Organisational structure

PGE Capital Group as at December 31, 2024 consisted of:

PGE S.A. - the parent company
79
subsidiaries subject to full consolidation
2
joint operations
6
associates and joint subsidiaries

All of PGE Group’s companies are organised in 9 operating segments.

The following diagram illustrates the Group’s structure. A full composition of PGE Group, divided into segments as well as directly and indirectly consolidated subsidiaries, is presented in note 1.3 to the consolidated financial statements.

Structure of PGE Capital Group2

2 Simplified structure – includes key entities

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