Inter Cars (CAR) investor relations material

Executive summary

• Revenue grew 9.5% in Q2 and 8% for H1 2025 to PLN 10.1 billion, with unit sales up 11.4% year-over-year and strong foreign expansion, including 22 new branches abroad.

• Achieved #1 position in CEE for passenger car parts and #1 in the EU for truck parts, with a presence in 20 countries and a comprehensive mobility ecosystem.

• Market share in independent garages, fleets, and dealers is around 74%, significantly higher than peers.

• Net profit remained stable at PLN 345.1 million, with operating profit and EBITDA both increasing year-over-year.

• Export sales grew 12.4% year-over-year, with foreign subsidiaries' sales up over 14%.

Financial highlights

• Q2 revenue reached PLN 5.3 billion; H1 2025 revenue exceeded PLN 10 billion, with gross profit on sales at PLN 2.93 billion, up 7% year-over-year.

• EBITDA for the trailing 12 months was PLN 1.32 billion, up PLN 117 million year-over-year, and EBITDA margin ranged from 4.5% to 8.5%.

• Net cash from operating activities was PLN 564 million, up PLN 230 million year-over-year.

• Net debt/EBITDA ratio increased to 1.98 from 1.73, reflecting higher investment-related debt.

• Financial costs increased to PLN 54 million in Q2, up from PLN 42 million a year earlier, due to higher sales scale and investments.

Outlook and guidance

• Expectation of improved sales dynamics in upcoming quarters as postponed repairs are completed and continued focus on organic growth, market share expansion, and investment in logistics and digitalization.

• Management expects continued growth in Central and Eastern Europe, with higher net profitability than the domestic market.

• Continued focus on market consolidation and expansion into Western Europe, including Austria and Germany.

• Aftermarket segment seen as a stable foundation, with combustion and hybrid vehicles expected to dominate until at least 2035.

• No financial forecasts were published for 2025.