)
Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
KRUK Spólka Akcyjna
KRUK Spólka Akcyjna (KRU) investor relations material
KRUK Spólka Akcyjna Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary27 Feb, 2026
Executive summary
Net profit for 2025 reached PLN 1,086 million, up 1% year-over-year, with profit before tax at PLN 1,136 million (+12% y/y) and cash EBITDA rising 12% to PLN 2,665 million.
Revenue increased 10% year-over-year to PLN 3,191 million, driven by strong recoveries and portfolio revaluations, especially in Spain (+66%) and Italy (+21%).
Investments in debt portfolios totaled PLN 2,223 million, down 21% year-over-year, reflecting a strategic scale-back in Spain.
Recoveries from purchased portfolios reached a record PLN 3,920 million (+11% y/y), with over half from foreign markets and strong performance in Italy and Poland.
The Group reaffirmed its 2025-2029 strategy, targeting PLN 15 billion in new investments and a 20% ROE.
Financial highlights
Cash EBITDA rose 12% year-over-year to PLN 2,665 million; EBITDA was PLN 1,643 million (+11% y/y).
Operating profit and profit before tax grew by about 12% year-over-year.
Operating expenses increased 8% year-over-year to PLN 1,547 million, mainly due to higher service costs and salaries.
Net debt/Cash EBITDA ratio at 2.6x, below the 3.0x strategic cap.
Portfolio carrying amount at PLN 11.6 billion (+11% y/y); ERC at PLN 26.2 billion.
Outlook and guidance
Management targets PLN 15 billion in investments over 2025-2029 and PLN 34 billion in total recoveries by end-2025.
Plans to increase investments in 2026 to between PLN 2.4–2.7 billion, with a focus on returning to higher investment in Spain.
Continued digital transformation, with PLN 68.5 million spent in 2025 and full IT system functionality targeted by 2029.
Strategic goal of 12% annual profit before tax growth through 2029, with investment targets flexible based on IRR achievement.
Management expects continued sustainable growth, regular dividend payouts, and profitability improvements, subject to maintaining a net debt-to-cash EBITDA ratio at or below 3.0.
Pillar Two rules: expected impact on tax burden
Explain net cash from operations swing in 2025
Reasons for 2025 debt portfolio purchase decrease
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next KRUK Spólka Akcyjna earnings date
Q1 202630 Apr, 2026
KRUK Spólka Akcyjna
Next KRUK Spólka Akcyjna earnings date
Q1 202630 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
KRUK engages in the management of debt for institutional clients in Poland, Romania, Italy, the Czech Republic, Slovakia, Germany, and Spain. The Company offers sale and purchase of securities on behalf of its clients and also acts as an agent in the marketing of fixed-return financial instruments, such as bonds, bills and leases. Kruk offers its clients access to opportunities generated by the mismatch between supply and demand of companies' securities or payment of collateralized loans by debtors, aiming at maximizing profitability.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage