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CCC (CCC) investor relations material
CCC Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary7 Nov, 2025
Executive summary
Q3 revenue increased 7% year-over-year to PLN 2,966 million, with strong October and back-to-school sales offsetting weak September performance, despite weather-related challenges and significant store expansion costs.
Retail space expanded by 21% year-over-year, with 144 new stores opened, supporting growth across all segments and driving future growth through strategic investments in licensed brands and apparel market entry.
Like-for-like sales for the group declined by 5%, with a 4% drop in foot traffic, mainly due to weather sensitivity in footwear.
Half Price and CCC brands continue rapid expansion, with Half Price less sensitive to weather and showing strong margin recovery in October.
Group revenue for 9M 2025 reached PLN 8.2 billion, below initial expectations due to accelerated retail expansion, delayed store openings, and temporary cannibalisation effects.
Financial highlights
Group EBITDA margin for Q3 was 14%, below expectations due to high costs from store openings and weather impacts, with adjusted EBITDA margin at 13.3%.
Group EBITDA for 9M 2025 was PLN 898 million, up from PLN 828 million in 9M 2024.
CCC brand EBITDA margin at 17% in Q3, down 5pp year-over-year; 12-month margin remains above 20%.
Half Price EBITDA margin at 16%, with revenue up 25% and selling area up 49% year-over-year; EBIT dropped 57% due to higher pre-opening costs.
Modivo EBITDA margin stable at 9% for Q3, 11% over 12 months; sales up 1% year-over-year, with a 9% YoY reduction in costs.
Outlook and guidance
Full-year 2025 revenue guidance revised to PLN 11.3–11.5 billion and EBITDA to PLN 1.7–1.8 billion, reflecting a challenging environment and higher pre-opening costs.
Q4 expected to be strong for Half Price, with most expansion costs already incurred and the business well-prepared for peak season.
Long-term goal is to reach PLN 25 billion in revenue and 24% EBITDA by 2030, with continued focus on expansion and margin improvement.
Worldbox margin contribution by 2026?
Modivo Club's net margin contribution?
Inventory financing strategy & 180-day target?
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