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Dadelo (DAD) investor relations material
Dadelo Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 reached 408,267 thousand PLN, up 68.6% year-over-year, driven by omnichannel sales and expansion to 8 stationary stores.
Net profit for H1 2026 was 31,274 thousand PLN, an 84.3% increase compared to H1 2025.
Operating cash flow turned positive at 112,224 thousand PLN, compared to -20,424 thousand PLN in H1 2025.
The company maintained a strong equity position and met all financial covenants.
Financial highlights
Gross margin for H1 2026 was 32.9%, up from 32.0% in H1 2025.
EBITDA margin improved to 13.1% from 11.0% year-over-year.
Net margin rose to 7.7% from 7.0% in H1 2025.
Total assets increased to 421,995 thousand PLN from 301,303 thousand PLN year-over-year.
Inventory value rose 29.4% year-over-year to 303,508 thousand PLN, supporting higher sales.
Outlook and guidance
The company forecasts negative operating cash flow of approximately -100,000 thousand PLN in Q4 2026 due to seasonality, with planned investments of -30,000 thousand PLN and positive financing cash flow of 130,000 thousand PLN.
Two new stationary stores are planned for H2 2026.
Management expects a safe financial buffer exceeding 100,000 thousand PLN for early 2027.
- Q1 2026 saw 72% revenue growth, doubled net profit, and major retail expansion.DAD
Q1 2026 - Revenue up 59% and net profit up 34% year-over-year, driven by strong sales and expansion.DAD
Q4 2025 - Revenue up 57.7% and net profit up 70% year-over-year, driven by omnichannel expansion.DAD
Q3 2025 - Strong sales and profit growth in H1 2025, supported by omnichannel strategy and new financing.DAD
Q2 2025 - Revenue up 52.5% and net profit up sixfold year-over-year, with strong margin improvement.DAD
Q3 2024 - Revenue up 61% and net profit up sixfold in H1 2024, with robust omnichannel growth.DAD
Q2 2024 - Record revenue and profit in 2024, with strong growth and robust outlook for 2025.DAD
Q4 2024 - Q1 2025 saw strong revenue and profit growth for Dadelo S.A., but cash flow turned negative.DAD
Q1 2025
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