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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Erbud
Erbud (ERB) investor relations material
Erbud Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary28 Sep, 2026
Executive summary
Revenue from continued operations for H1 2026 was PLN 1,254.95m, down 13.5% year-over-year; gross profit from sales fell to PLN 102.89m from PLN 120.61m.
Net profit from continued operations for H1 2026 was PLN 2.77m, a sharp decline from PLN 14.34m year-over-year.
Discontinued operations (modular construction segment) generated a net loss of PLN 286.43m in H1 2026, leading to a total net loss of PLN 283.67m.
The modular construction segment was classified as discontinued and is being actively divested following significant losses and impairment charges.
Financial highlights
H1 2026 EBITDA margin from continued operations was 3.12%, slightly down from 3.68% year-over-year.
EBIT from continued operations was PLN 15.36m in H1 2026, less than half of the PLN 32.05m in H1 2025.
Net cash at period end was PLN 124.17m, down from PLN 271.72m at year-end 2025.
Total assets decreased to PLN 1,815.69m from PLN 1,987.29m at year-end 2025.
Basic and diluted EPS from continued operations was PLN 0.23 for H1 2026, compared to PLN 1.20 in H1 2025.
Outlook and guidance
Management expects continued market volatility due to geopolitical risks, inflationary pressures on materials and labor, and ongoing wage pressure.
The company is focusing on geographic and segment diversification and renegotiating contract terms to mitigate risks.
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Latest events from Erbud
- Revenue up 9% and mature segments delivered record profits, but net profit declined.ERB
Q4 2025 - Revenue dropped 20% year-over-year, net loss widened, but liquidity and covenants remain solid.ERBQ1 2026
- Revenue up 16% year-over-year, but debt and legal risks remain amid weak sector climate.ERBQ3 2025
- 15% revenue growth, but net loss and margin pressure amid strong contract awards.ERBQ2 2025
- EBIT up 145% y/y, but profit fell as asset sales and compensation offset weak revenue.ERBQ3 2024
- Revenue fell but net profit turned positive; renewables and industrials drove segment strength.ERBQ2 2024
- EBITDA up 80% year-over-year, with strong cash and growing backlog despite revenue decline.ERBQ4 2024
- Revenue up 14% year-over-year, but net loss and margin pressure persist amid strong backlog.ERBQ1 2025
Next Erbud earnings date
Q3 202616 Nov, 2026
Erbud
Next Erbud earnings date
Q3 202616 Nov, 2026
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