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Erbud (ERB) investor relations material
Erbud Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue increased 16% year-over-year to PLN 2.44 billion for the first nine months of 2025, with growth across all business areas.
Satisfactory profitability in mature segments; modular construction segment undergoing reorganisation.
Conservative contracting policy in a challenging market, focusing on higher value-added contracts.
The ERBUD Group maintained a stable organizational structure as of 30 September 2025, with no changes since the previous reporting period.
Shareholding structure remained unchanged, with the largest shareholders holding over 5% each.
Financial highlights
Gross margin on sales at 7.1% overall, and 9% in residential, RES, and industrial services segments.
EBITDA reached PLN 54.0 million for the nine months, with PLN 25.2 million generated in Q3.
Net result for the period was a loss of PLN 13.0 million, impacted by higher amortisation and negative financial activities.
Backlog stood at PLN 3.1 billion, with PLN 0.9 billion from external clients to be executed in Q4 2025.
No forecasts or estimates for 2025 were published by the Management Board.
Outlook and guidance
Strategy continues to focus on selective, higher value-added contracts amid persistent investment stagnation.
Targeting further optimisation and commercialisation of RES project backlog, with a goal of 2 GW in the RES portfolio by early 2026.
Modular segment to focus on remedial processes and a gradual return to business expansion.
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