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Grenevia (GEA) investor relations material
Grenevia Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 was 390 mln PLN, down from 488 mln PLN year-over-year, with net profit at 36 mln PLN versus 80 mln PLN in Q1 2025.
The group continues its strategic transformation toward renewable energy, e-mobility, and energy storage, reducing reliance on coal mining.
Significant segment diversification: FAMUR (mining/wind), OZE (renewables), E-mobility, and Elektroenergetyka (energy distribution).
Financial highlights
Gross profit from sales: 126 mln PLN in Q1 2026.
EBITDA for Q1 2026 was 103 mln PLN, down from 172 mln PLN in Q1 2025.
Operating cash flow was -141 mln PLN, a significant decrease from +66 mln PLN year-over-year.
Cash and equivalents at period end: 1,344 mln PLN, down from 1,526 mln PLN at the start of the quarter.
Total assets: 4,492 mln PLN as of 31.03.2026.
Outlook and guidance
Management sees no threat to business continuity despite macroeconomic risks, war in Ukraine, and climate change.
Strategic focus remains on green transformation and further diversification.
- Revenue grew, but operating profit fell as PV and E-mobility expansion weighed on results.GEA
H2 2023 - Strong financials, green progress, solid liquidity, and audit approval.GEA
H2 2025 - 2024 saw revenue and profit growth, strong E-mobility, and 33.9% EU Taxonomy-eligible revenue.GEA
H2 2024 - Revenue up, net profit down on PV impairments; new PLN 850m credit boosts liquidity.GEA
Q3 2024 - Revenue up 21% but net profit down on asset impairments; focus remains on renewables.GEA
H1 2024 - Net profit doubled to PLN 80 million on higher revenue and strong EBITDA, driven by E-mobility and renewables.GEA
Q1 2025 - Strong revenue and profit growth, ongoing restructuring, and expansion in green energy segments.GEA
Q3 2025 - H1 2025 saw higher revenue and profit, strategic acquisitions, and continued business transformation.GEA
H1 2025
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