Poland · Delayed Price · Currency is PLN KRUK Spólka Akcyjna Earnings Call Transcripts
Fiscal Year 2026
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Net profit remained flat at PLN 555 million for H1 2026, with 8% cash EBITDA growth and strong asset expansion. Competitive markets and currency headwinds impacted results, but profitability and recoveries improved in Spain and Italy. Outlook for H2 is positive.
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Q1 2026 net profit reached PLN 262 million, with strong portfolio investments and stable funding. Recoveries were mixed across segments, but outlook remains positive with ongoing digital transformation and group reorganization initiatives.
Fiscal Year 2025
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2025 saw record operating growth (12%) and asset expansion, with strong results in Poland and Romania, but net profit was dampened by tax and currency effects. Investments were below plan but delivered solid returns, and digital transformation advanced.
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Net profit after nine months neared PLN 900 million, with record recoveries and cash EBITDA. Investments focused on Italy and Poland, while Spain remains higher risk due to legal changes. Funding is strong, and digital transformation is underway.
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Net profit for H1 2025 reached PLN 584 million, with strong cash EBITDA and asset growth. All major markets remained profitable, digital transformation is progressing, and legal/regulatory risks are stabilizing, especially in Spain.
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Q1 2025 net profit reached PLN 252 million, exceeding plan but below last year's record due to revaluation timing. Strong recoveries in Poland and Romania, higher legal costs in Spain and Italy, and a PLN 17 million gain from Wonga revaluation shaped results. Investment guidance remains at PLN 2.5 billion for 2025.
Fiscal Year 2024
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2024 saw record net profit above PLN 1 billion, driven by strong results in Italy, Poland, and Romania, though Spanish operations faced setbacks due to legal delays and regulatory changes. Outlook for 2025 is positive, with cautious investment in Spain and continued focus on digital transformation.
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Record nine-month net profit of PLN 959 million driven by strong recoveries and positive revaluation, with Poland, Romania, and Italy exceeding targets. Operating costs rose, but efficiency improved, and stable NPL supply is expected into 2025.
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Record net profit and cash EBITDA were achieved in H1 2024, with strong performance in Poland, Romania, and Italy, and a temporary setback in Spain due to a portfolio write-down. The outlook remains positive, with continued international expansion and a focus on technology transformation.