After a bit of digging it looks like Newag has had a steady supply of government contracts:

25.01.2023 - 10,7 billion PLN (2,5bn EUR) for EMUs

24.07.2024 - Newag CEO mentions current contracts with PKP Intercity total 9bn PLN (2bn EUR)

21.11.2024 - 7,7bn PLN (1,8bn EUR) for hybrid MUs

23.06.2025 - most recent one I could find, 270 million PLN, EMUs for a local railway

Stock is up 260% since June 2022

In Poland we don’t negotiate with corporate terrorists, we throw money at them. 🙃