Poland · Delayed Price · Currency is PLN Zabka Group Earnings Call Transcripts
Fiscal Year 2026
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Sales rose 12% year-on-year to PLN 7.4 billion, with adjusted EBITDA up 13.1% and network expansion on track. Despite severe winter weather and seasonal net loss, profitability and cash flow improved, and guidance for store openings and margins remains strong.
Fiscal Year 2025
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Delivered double-digit sales and profit growth in 2025, surpassing store expansion targets and strengthening digital and ESG initiatives. Profitability and cash flow improved, with robust guidance for continued expansion and stable margins in 2026.
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Q3 2025 saw 14% sales growth and 48% higher adjusted net profit, with strong store expansion and digital growth. Net debt to EBITDA improved to 1x, enabling dividend readiness, and guidance was raised for store rollout and margins. Market share hit a record 10.7%.
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Management upgraded store opening targets to 1,300+ annually, aiming for 16,000 stores by 2028 and a long-term potential of 27,000. Digital and international growth, especially in Romania, are key pillars, with robust financials supporting a new dividend policy and continued innovation in convenience and digital services.
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Sales rose 14% year-over-year to PLN 8.1 billion, with like-for-like growth of 6.1% and adjusted EBITDA up 20%. Store expansion guidance was raised to over 1,300 new openings, and free cash flow exceeded PLN 1 billion, supporting further deleveraging.
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Q1 2025 delivered 15% sales and adjusted EBITDA growth, with strong store expansion and stable margins. The group remains on track for full-year guidance, continues deleveraging, and saw robust performance in Poland and early traction in Romania.
Fiscal Year 2024
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Achieved 20% sales growth and 24% adjusted EBITDA increase in 2024, driven by store expansion, digital leadership, and strong like-for-like growth. Net leverage improved, and guidance remains confident for continued robust performance in 2025.